Ashtead Group plc Given Consensus Recommendation of “Buy” by Brokerages (LON:AHT)
Ashtead Group plc (LON:AHT) has been given a consensus rating of “Buy” by the thirteen brokerages that are covering the company, American Banking News.com reports. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,039.33 ($17.44).
Ashtead Group plc (LON:AHT) opened at 907.50 on Wednesday. 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 904. and its 200-day moving average is GBX 884.4. The company’s market cap is £4.549 billion.
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 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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