Ashtead Group plc (LON:AHT) Given Average Recommendation of “Buy” by Analysts
Shares of Ashtead Group plc (LON:AHT) have received a consensus rating of “Buy” from the thirteen research firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 1,755.58 ($22.74).
Several equities research analysts recently commented on AHT shares. HSBC Holdings plc lifted their price objective on Ashtead Group plc from GBX 1,450 ($18.78) to GBX 1,650 ($21.37) and gave the stock a “hold” rating in a report on Monday, March 13th. BNP Paribas restated a “neutral” rating and set a GBX 1,600 ($20.73) price target on shares of Ashtead Group plc in a research note on Monday, March 13th. Barclays PLC reiterated an “overweight” rating and set a GBX 1,837 ($23.80) price objective on shares of Ashtead Group plc in a research note on Monday, March 27th. Royal Bank of Canada boosted their price objective on Ashtead Group plc from GBX 1,850 ($23.96) to GBX 1,920 ($24.87) and gave the company an “outperform” rating in a research note on Wednesday, March 29th. Finally, Liberum Capital began coverage on Ashtead Group plc in a research note on Thursday, March 30th. They set a “buy” rating and a GBX 1,940 ($25.13) price objective for the company.
Ashtead Group plc (LON:AHT) traded up 1.49% on Monday, reaching GBX 1567.00. 460,760 shares of the company’s stock traded hands. The company’s market cap is GBX 7.80 billion. Ashtead Group plc has a 12 month low of GBX 970.32 and a 12 month high of GBX 1,764.00. The firm’s 50 day moving average price is GBX 1,591.48 and its 200 day moving average price is GBX 1,622.91.
The firm also recently announced a dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 17th will be given a GBX 22.75 ($0.29) dividend. The ex-dividend date is Thursday, August 17th. This represents a yield of 1.42%. This is an increase from Ashtead Group plc’s previous dividend of $4.75.
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In other news, insider Geoffrey Drabble sold 111,314 shares of Ashtead Group plc stock in a transaction on Monday, June 19th. The stock was sold at an average price of GBX 1,622 ($21.01), for a total value of £1,805,513.08 ($2,338,747.51).
Ashtead Group plc Company Profile
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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