Ashtead Group plc (LON:AHT) Receives Consensus Recommendation of “Buy” from Brokerages
Ashtead Group plc (LON:AHT) has earned a consensus recommendation of “Buy” from the fourteen research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 1,724.38 ($22.75).
AHT has been the subject of a number of recent analyst reports. HSBC Holdings plc reiterated a “hold” rating and issued a GBX 1,650 ($21.76) price target on shares of Ashtead Group plc in a research report on Monday, April 10th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,920 ($25.33) target price on shares of Ashtead Group plc in a research report on Thursday, April 20th. Liberum Capital restated a “buy” rating and set a GBX 1,940 ($25.59) target price on shares of Ashtead Group plc in a research report on Friday, April 21st. Jefferies Group LLC restated a “buy” rating and set a GBX 2,000 ($26.38) target price on shares of Ashtead Group plc in a research report on Wednesday, May 31st. Finally, Peel Hunt restated a “buy” rating and set a GBX 1,800 ($23.74) target price on shares of Ashtead Group plc in a research report on Tuesday, June 13th.
ILLEGAL ACTIVITY NOTICE: “Ashtead Group plc (LON:AHT) Receives Consensus Recommendation of “Buy” from Brokerages” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/04/ashtead-group-plc-lonaht-receives-consensus-recommendation-of-buy-from-brokerages.html.
In related news, insider Geoffrey Drabble sold 111,314 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of GBX 1,622 ($21.40), for a total transaction of £1,805,513.08 ($2,381,629.18).
Ashtead Group plc (LON:AHT) traded up 0.49% during mid-day trading on Friday, reaching GBX 1645.00. 587,032 shares of the company’s stock traded hands. The company’s market cap is GBX 7.30 billion. Ashtead Group plc has a 12-month low of GBX 1,095.00 and a 12-month high of GBX 1,764.00. The stock has a 50 day moving average of GBX 1,609.35 and a 200 day moving average of GBX 1,627.50.
The firm also recently declared a dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 17th will be paid a dividend of GBX 22.75 ($0.30) per share. This is an increase from Ashtead Group plc’s previous dividend of $4.75. The ex-dividend date is Thursday, August 17th. This represents a yield of 1.42%.
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.
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.