Berenberg Bank Reaffirms Buy Rating for Ashtead Group plc (AHT)
Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a report issued on Wednesday. They currently have a GBX 1,145 ($19.00) target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 16.58% from the company’s current price.
Ashtead Group plc (LON:AHT) traded up 3.29% on Wednesday, hitting GBX 1018.9999. 2,045,938 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 has a 50-day moving average of GBX 923.2 and a 200-day moving average of GBX 899.2. The company’s market cap is £5.107 billion.
A number of other analysts have also recently weighed in on AHT. Analysts at Investec raised their price target on shares of Ashtead Group plc from GBX 1,100 ($18.25) to GBX 1,140 ($18.92) in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of GBX 1,052.92 ($17.47).
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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