Ashtead Group Rating Reiterated by Liberum Capital (AHT)
Ashtead Group (LON:AHT)‘s stock had its “buy” rating restated by equities researchers at Liberum Capital in a research report issued on Thursday, AnalystRatings.NET reports. They currently have a GBX 810 ($13.31) target price on the stock. Liberum Capital’s target price would suggest a potential upside of 1.69% from the company’s current price.
Shares of Ashtead Group (LON:AHT) traded up 0.96% during mid-day trading on Thursday, hitting GBX 796.5748. 2,017,226 shares of the company’s stock traded hands. Ashtead Group has a 52-week low of GBX 466.80 and a 52-week high of GBX 817.00. The stock has a 50-day moving average of GBX 784.8 and a 200-day moving average of GBX 697.3. The company’s market cap is £3.992 billion.
AHT has been the subject of a number of other recent research reports. Analysts at Panmure Gordon raised their price target on shares of Ashtead Group from GBX 860 ($14.13) to GBX 971 ($15.96) in a research note to investors on Friday, January 31st. They now have a “buy” rating on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Ashtead Group in a research note to investors on Tuesday, January 28th. They now have a GBX 700 ($11.50) 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 ($13.64) price target on the stock, up previously from GBX 780 ($12.82). Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 840.64 ($13.82).
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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