Ashtead Group plc Receives “Buy” Rating from Panmure Gordon (AHT)
Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating reiterated by equities research analysts at Panmure Gordon in a research note issued to investors on Tuesday. They currently have a GBX 1,090 ($18.57) price target on the stock. Panmure Gordon’s price target points to a potential upside of 24.67% from the stock’s previous close.
Shares of Ashtead Group plc (LON:AHT) opened at 884.8799 on Tuesday. Ashtead Group plc has a 1-year low of GBX 576.00 and a 1-year high of GBX 991.50. The stock has a 50-day moving average of GBX 868.7 and a 200-day moving average of GBX 855.4. The company’s market cap is £4.435 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 5th. Stockholders 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of Ashtead Group plc from GBX 1,100 ($18.74) to GBX 1,150 ($19.59) in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Ashtead Group plc in a research note on Wednesday, June 25th. They now have a GBX 1,025 ($17.46) 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 Thursday, June 19th. They now have a GBX 1,030 ($17.54) price target on the stock. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Ashtead Group plc currently has a consensus rating of “Buy” and an average price target of GBX 1,028.36 ($17.52).
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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