Ashtead Group plc Given New GBX 1,145 Price Target at Berenberg Bank (AHT)
Berenberg Bank boosted their price target on shares of Ashtead Group plc (LON:AHT) from GBX 1,110 ($18.56) to GBX 1,145 ($19.14) in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 21.29% from the stock’s previous close.
Shares of Ashtead Group plc (LON:AHT) traded up 0.21% on Friday, hitting GBX 946.00. 679,464 shares of the company’s stock traded hands. 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 910.4 and its 200-day moving average is GBX 889.. The company’s market cap is £4.742 billion.
AHT has been the subject of a number of other recent research reports. 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 ($17.22) 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 ($18.39) 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 ($18.22) 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’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 1,042.25 ($17.42).
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.