Ashtead Group plc Receives Average Rating of “Buy” from Brokerages (LON:AHT)
Ashtead Group plc (LON:AHT) has been given an average rating of “Buy” by the thirteen brokerages that are covering the company, AnalystRatings.NET reports. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 1,039.33 ($17.44).
Several analysts have recently commented on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Ashtead Group plc in a research note on Tuesday, July 22nd. They now have a GBX 1,030 ($17.28) price target on the stock. Separately, 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 ($18.45) price target on the stock. Finally, 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 ($18.62) price target on the stock.
Ashtead Group plc (LON:AHT) opened at 885.9999 on Wednesday. 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 899.8 and a 200-day moving average of GBX 883.. The company’s market cap is £4.441 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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