Ashtead Group plc Rating Reiterated by Liberum Capital (AHT)
Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating restated by analysts at Liberum Capital in a research report issued to clients and investors on Thursday. They currently have a GBX 1,030 ($17.48) price objective on the stock. Liberum Capital’s price target points to a potential upside of 24.10% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Ashtead Group plc from GBX 930 ($15.79) to GBX 946 ($16.06) in a research note on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ashtead Group plc in a research note on Wednesday. They now have a GBX 996 ($16.91) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Ashtead Group plc in a research note on Tuesday. They now have a GBX 1,100 ($18.67) price target on the stock. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of GBX 998.25 ($16.95).
Ashtead Group plc (LON:AHT) opened at 848.4999 on Thursday. Ashtead Group plc has a 52 week low of GBX 576.00 and a 52 week high of GBX 991.50. The stock has a 50-day moving average of GBX 871.0 and a 200-day moving average of GBX 846.5. The company’s market cap is £4.252 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 5th. Investors of record on Wednesday, August 13th will be paid a dividend of GBX 9.25 ($0.16) per share. This represents a dividend yield of 1.11%. The ex-dividend date is Wednesday, August 13th.
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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