Ashtead Group plc Given Buy Rating at Jefferies Group (AHT)
Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Thursday. They currently have a GBX 1,050 ($17.60) price target on the stock. Jefferies Group’s target price indicates a potential upside of 16.67% from the stock’s previous close.
Shares of Ashtead Group plc (LON:AHT) traded up 1.89% on Thursday, hitting GBX 917.00. 1,475,985 shares of the company’s stock traded hands. Ashtead Group plc has a 52-week low of GBX 576.00 and a 52-week high of GBX 991.50. The stock’s 50-day moving average is GBX 868.7 and its 200-day moving average is GBX 831.3. The company’s market cap is £4.595 billion.
AHT has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Ashtead Group plc in a research note on Tuesday, May 27th. They now have a GBX 1,060 ($17.77) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Ashtead Group plc in a research note on Thursday, May 22nd. They now have a GBX 1,100 ($18.44) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Ashtead Group plc in a research note on Friday, May 9th. They now have a GBX 1,030 ($17.27) price target on the stock. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Ashtead Group plc currently has a consensus rating of “Buy” and an average price target of GBX 966 ($16.19).
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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