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Research analysts at Panmure Gordon raised their price target on shares of Ashtead Group (LON:AHT) from GBX 860 ($14.17) to GBX 971 ($16.00) in a report released on Friday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Panmure Gordon’s price target would indicate a potential upside of 22.99% from the company’s current price.

Shares of Ashtead Group (LON:AHT) traded down 0.69% during mid-day trading on Friday, hitting GBX 789.50. The stock had a trading volume of 1,224,730 shares. Ashtead Group has a 52 week low of GBX 453.20 and a 52 week high of GBX 817.00. The stock’s 50-day moving average is GBX 777.4 and its 200-day moving average is GBX 695.3. The company’s market cap is £3.956 billion.

AHT has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “buy” rating on shares of Ashtead Group in a research note to investors on Tuesday. Separately, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Ashtead Group in a research note to investors on Tuesday. They now have a GBX 700 ($11.53) price target on the stock. Finally, analysts at HSBC downgraded shares of Ashtead Group to a “neutral” rating in a research note to investors on Thursday, January 23rd. They now have a GBX 830 ($13.68) price target on the stock, up previously from GBX 780 ($12.85). Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 843 ($13.89).

Ashtead Group plc is an investment holding and management company. The principal activity of the Company is the rental of equipment to industrial and commercial users mainly in the non-residential construction sectors of the United States and the United Kingdom.

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