Ashtead Group plc’s (AHT) Neutral Rating Reiterated at BNP Paribas
Ashtead Group plc (LON:AHT)‘s stock had its “neutral” rating reiterated by equities researchers at BNP Paribas in a research report issued to clients and investors on Monday. They presently have a GBX 1,100 ($13.61) price objective on the stock. BNP Paribas’ price objective indicates a potential downside of 16.35% from the stock’s previous close.
Several other research analysts also recently commented on the company. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,140 ($14.11) price objective on shares of Ashtead Group plc in a report on Thursday, July 21st. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,180 ($14.60) price target on shares of Ashtead Group plc in a report on Monday, July 11th. Royal Bank Of Canada began coverage on Ashtead Group plc in a report on Thursday. They issued an “outperform” rating and a GBX 1,580 ($19.55) price target on the stock. Credit Suisse Group AG upgraded Ashtead Group plc to a “neutral” rating and lifted their price target for the company from GBX 770 ($9.53) to GBX 1,150 ($14.23) in a report on Tuesday, September 27th. Finally, Jefferies Group reiterated a “buy” rating on shares of Ashtead Group plc in a report on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 1,306.27 ($16.17).
Ashtead Group plc (LON:AHT) opened at 1311.00 on Monday. The company’s market cap is GBX 6.55 billion. 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 price of GBX 1,263.38 and a 200-day moving average price of GBX 1,076.46.
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In other news, insider Cole,Christopher sold 25,000 shares of the business’s stock in a transaction dated 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).
About Ashtead Group plc
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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