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Equities research analysts at Investec lifted their price objective on shares of Ashtead Group plc (LON:AHT) from GBX 1,100 ($18.25) to GBX 1,140 ($18.92) in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Investec’s price objective indicates a potential upside of 16.07% from the company’s current price.

A number of other analysts have also recently weighed in on AHT. Analysts at Panmure Gordon raised their price target on shares of Ashtead Group plc from GBX 1,090 ($18.09) to GBX 1,128 ($18.72) in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Ashtead Group plc in a research note on Friday, August 29th. They now have a GBX 1,030 ($17.09) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Ashtead Group plc in a research note on Wednesday, August 27th. They now have a GBX 1,150 ($19.08) 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 has an average rating of “Buy” and a consensus price target of GBX 1,052.92 ($17.47).

Ashtead Group plc (LON:AHT) opened at 1010.0001 on Wednesday. Ashtead Group plc has a one year low of GBX 576.00 and a one year high of GBX 991.50. The stock’s 50-day moving average is GBX 923.2 and its 200-day moving average is GBX 899.2. The company’s market cap is £5.062 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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