Ashtead Group plc Given “Buy” Rating at Liberum Capital (AHT)
Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating restated by equities research analysts at Liberum Capital in a research note issued to investors on Tuesday. They currently have a GBX 1,030 ($17.60) price objective on the stock. Liberum Capital’s target price suggests a potential upside of 8.76% from the stock’s previous close.
AHT has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Ashtead Group plc in a research note on Thursday, July 17th. They now have a GBX 1,100 ($18.80) price target on the stock. Separately, analysts at Berenberg Bank initiated coverage on shares of Ashtead Group plc in a research note on Tuesday, July 15th. They set a “buy” rating and a GBX 1,110 ($18.97) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Ashtead Group plc in a research note on Tuesday, July 1st. They now have a GBX 1,090 ($18.63) price target on the stock. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Ashtead Group plc currently has an average rating of “Buy” and a consensus price target of GBX 1,039.33 ($17.76).
Ashtead Group plc (LON:AHT) traded down 0.68% during mid-day trading on Tuesday, hitting GBX 947.00. The stock had a trading volume of 1,099,471 shares. 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 897.0 and its 200-day moving average is GBX 874.. The company’s market cap is £4.747 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 5th. Stockholders of record on Wednesday, August 13th will be given a dividend of GBX 9.25 ($0.16) per share. This represents a yield of 1.11%. The ex-dividend date of this dividend 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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