Ashtead Group plc’s (AHT) “Neutral” Rating Reaffirmed at BNP Paribas
Ashtead Group plc (LON:AHT)‘s stock had its “neutral” rating reaffirmed by analysts at BNP Paribas in a research report issued to clients and investors on Monday. They currently have a GBX 1,600 ($19.76) price target on the stock. BNP Paribas’ target price points to a potential downside of 4.99% from the company’s current price.
AHT has been the subject of a number of other reports. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,660 ($20.50) price target on shares of Ashtead Group plc in a research report on Thursday, January 26th. Jefferies Group LLC increased their price target on shares of Ashtead Group plc from GBX 1,550 ($19.14) to GBX 1,700 ($21.00) and gave the stock a “buy” rating in a research report on Tuesday, November 29th. Barclays PLC increased their price target on shares of Ashtead Group plc from GBX 1,279 ($15.80) to GBX 1,774 ($21.91) and gave the stock an “overweight” rating in a research report on Wednesday, December 7th. Numis Securities Ltd increased their price target on shares of Ashtead Group plc from GBX 1,500 ($18.53) to GBX 1,750 ($21.61) and gave the stock an “add” rating in a research report on Wednesday, December 7th. Finally, Royal Bank of Canada increased their price target on shares of Ashtead Group plc from GBX 1,580 ($19.51) to GBX 1,700 ($21.00) and gave the stock an “outperform” rating in a research report on Wednesday, November 30th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,633.67 ($20.18).
Ashtead Group plc (LON:AHT) remained flat at GBX 1684.00 on Monday. The company’s stock had a trading volume of 905,413 shares. The stock’s market cap is GBX 8.38 billion. Ashtead Group plc has a 12 month low of GBX 797.00 and a 12 month high of GBX 1,764.00. The stock has a 50 day moving average price of GBX 1,675.25 and a 200 day moving average price of GBX 1,485.52.
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In related news, insider Sat Dhaiwal sold 248,375 shares of the stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of GBX 1,585 ($19.58), for a total value of £3,936,743.75 ($4,861,978.20). Also, insider Lucinda Riches acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 20th. The stock was purchased at an average price of GBX 1,559 ($19.25) per share, for a total transaction of £77,950 ($96,270.22).
About Ashtead Group plc
Ashtead Group plc is an equipment rental company. The Company rents a range of construction and industrial equipment across a range of applications to a diverse customer base. The Company’s segments include Sunbelt and A-Plant. The Company operates in the United States, the United Kingdom and Canada.
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