Ashtead Group plc (AHT) Earns Buy Rating from Jefferies Group
Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating reissued by analysts at Jefferies Group in a research report issued on Friday. They presently have a GBX 1,550 ($19.18) target price on the stock. Jefferies Group’s price target suggests a potential upside of 15.07% from the company’s current price.
AHT has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price objective on shares of Ashtead Group plc from GBX 1,140 ($14.11) to GBX 1,340 ($16.58) and gave the company an “overweight” rating in a research note on Monday, September 5th. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 710 ($8.79) price objective on shares of Ashtead Group plc in a research note on Thursday, September 8th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 1,100 ($13.61) price objective on shares of Ashtead Group plc in a research note on Monday, October 3rd. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,350 ($16.71) price objective on shares of Ashtead Group plc in a research note on Wednesday, September 7th. Finally, Credit Suisse Group AG raised shares of Ashtead Group plc to a “neutral” rating and upped their price objective for the company from GBX 770 ($9.53) to GBX 1,150 ($14.23) in a research note on Tuesday, September 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 1,306.27 ($16.17).
Shares of Ashtead Group plc (LON:AHT) opened at 1344.00 on Friday. Ashtead Group plc has a 12-month low of GBX 749.00 and a 12-month high of GBX 1,378.93. The firm has a 50-day moving average of GBX 1,261.35 and a 200-day moving average of GBX 1,074.80. The firm’s market capitalization is GBX 6.71 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/14/jefferies-group-reiterates-buy-rating-for-ashtead-group-plc-aht.html
In other news, insider Cole,Christopher sold 25,000 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were 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.
Receive News & Ratings for Ashtead Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashtead Group plc and related companies with MarketBeat.com's FREE daily email newsletter.