JPMorgan Chase & Co. Reiterates “Overweight” Rating for Ashtead Group plc (AHT)
Ashtead Group plc (LON:AHT)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Tuesday. They currently have a GBX 996 ($16.75) price objective on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 7.97% from the company’s current price.
A number of other analysts have also recently weighed in on AHT. Analysts at Jefferies Group reiterated a “buy” rating on shares of Ashtead Group plc in a research note on Thursday, June 5th. They now have a GBX 1,050 ($17.65) price target on the stock. Separately, 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 ($17.82) price target on the stock. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of GBX 966 ($16.24).
Shares of Ashtead Group plc (LON:AHT) traded down 0.05% during mid-day trading on Tuesday, hitting GBX 922.00. The stock had a trading volume of 505,413 shares. Ashtead Group plc has a one year low of GBX 576.00 and a one year high of GBX 991.50. The stock’s 50-day moving average is GBX 869.0 and its 200-day moving average is GBX 836.. The company’s market cap is £4.620 billion.
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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