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.

TRADEMARK VIOLATION NOTICE: This story was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/07/10/ashtead-group-plc-lonaht-given-average-recommendation-of-buy-by-analysts.html.

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.

Analyst Recommendations for Ashtead Group plc (LON:AHT)

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.