Panmure Gordon Boosts Ashtead Group plc Price Target to GBX 1,128 (AHT)
Panmure Gordon increased their price objective on shares of Ashtead Group plc (LON:AHT) from GBX 1,090 ($18.09) to GBX 1,128 ($18.72) in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Panmure Gordon’s price target suggests a potential upside of 14.85% from the company’s current price.
Ashtead Group plc (LON:AHT) opened at 1009.00 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 923.2 and its 200-day moving average is GBX 899.2. The company’s market cap is £5.057 billion.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Berenberg Bank raised their price target on shares of Ashtead Group plc from GBX 1,110 ($18.42) to GBX 1,145 ($19.00) in a research note on Friday, August 22nd. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Ashtead Group plc presently has an average 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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