Ashtead Group plc (AHT) Receives “Neutral” Rating from BNP Paribas
Ashtead Group plc (LON:AHT)‘s stock had its “neutral” rating reiterated by research analysts at BNP Paribas in a research note issued to investors on Monday. They currently have a GBX 1,100 ($14.36) target price on the stock. BNP Paribas’ price target suggests a potential downside of 17.09% from the stock’s previous close.
A number of other brokerages have also recently issued reports on AHT. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,140 ($14.88) price objective on shares of Ashtead Group plc in a research note on Thursday, July 21st. Jefferies Group reissued a “buy” rating on shares of Ashtead Group plc in a report on Tuesday, August 2nd. Peel Hunt reissued a “buy” rating and set a GBX 1,350 ($17.62) target price on shares of Ashtead Group plc in a report on Wednesday, September 7th. Berenberg Bank boosted their target price on Ashtead Group plc from GBX 1,150 ($15.01) to GBX 1,200 ($15.66) and gave the stock a “buy” rating in a report on Monday, July 4th. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 1,180 ($15.40) target price on shares of Ashtead Group plc in a report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Ashtead Group plc has a consensus rating of “Buy” and an average target price of GBX 1,232.79 ($16.09).
Shares of Ashtead Group plc (LON:AHT) traded up 2.04% during midday trading on Monday, hitting GBX 1349.00. 952,627 shares of the stock traded hands. The firm’s 50 day moving average price is GBX 1,248.67 and its 200 day moving average price is GBX 1,060.12. Ashtead Group plc has a 12-month low of GBX 749.00 and a 12-month high of GBX 1,378.93. The company’s market capitalization is GBX 6.74 billion.
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In related news, insider Cole,Christopher sold 25,000 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of GBX 1,186 ($15.48), for a total transaction of £296,500 ($387,025.19).
Ashtead Group plc Company Profile
Ashtead Group plc is a United Kingdom-based equipment rental company with networks in the United States and the United Kingdom. The Company operates through two business units: Sunbelt, which provides pump and power, climate control and scaffolding service, and A-Plant business, which operates through Eve Trakway Limited (Eve), which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services, and FLG (lifting) services.
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