Ashtead Group plc (LON:AHT) had its price target increased by investment analysts at JPMorgan Chase & Co. from GBX 1,370 ($16.96) to GBX 1,430 ($17.70) in a report released on Friday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 6.16% from the company’s current price.

AHT has been the subject of several other research reports. BNP Paribas reiterated a “neutral” rating and issued a GBX 1,050 ($13.00) price objective on shares of Ashtead Group plc in a research note on Monday, August 8th. Royal Bank Of Canada began coverage on Ashtead Group plc in a research note on Thursday. They issued an “outperform” rating and a GBX 1,580 ($19.55) price objective for the company. Jefferies Group reiterated a “buy” rating and issued a GBX 1,385 ($17.14) price objective on shares of Ashtead Group plc in a research note on Thursday, September 1st. Finally, HSBC lifted their price objective on Ashtead Group plc from GBX 970 ($12.00) to GBX 1,225 ($15.16) and gave the company a “hold” rating in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. Ashtead Group plc presently has an average rating of “Buy” and a consensus price target of GBX 1,271.93 ($15.74).

Analyst Recommendations for Ashtead Group plc (LON:AHT)

Shares of Ashtead Group plc (LON:AHT) opened at 1347.00 on Friday. The stock’s market cap is GBX 6.73 billion. The firm has a 50-day moving average price of GBX 1,261.35 and a 200 day moving average price of GBX 1,074.80. Ashtead Group plc has a 52-week low of GBX 749.00 and a 52-week high of GBX 1,378.93.

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In other news, insider Cole,Christopher sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of GBX 1,186 ($14.68), for a total value of £296,500 ($366,955.45).

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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