Ashtead Group plc Receives Consensus Rating of “Buy” from Analysts (LON:AHT)
Ashtead Group plc (LON:AHT) has earned an average recommendation of “Buy” from the twelve brokerages that are covering the stock, AnalystRatingsNetwork.com reports. One analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 1,028.36 ($17.52).
A number of analysts have recently weighed in on AHT shares. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Ashtead Group plc in a research note on Tuesday. They now have a GBX 1,090 ($18.57) price target on the stock. Separately, 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. Finally, 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.
Ashtead Group plc (LON:AHT) opened at 891.38 on Tuesday. 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 868.7 and a 200-day moving average of GBX 855.4. The company’s market cap is £4.468 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 5th. Shareholders 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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