Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a research note issued on Thursday. They presently have a GBX 1,800 ($23.37) target price on the stock. Peel Hunt’s target price suggests a potential upside of 14.58% from the stock’s previous close.

Several other brokerages also recently issued reports on AHT. Liberum Capital reiterated a “buy” rating and set a GBX 1,940 ($25.18) price target on shares of Ashtead Group plc in a report on Thursday, April 27th. HSBC Holdings plc upgraded Ashtead Group plc to a “buy” rating and upped their price target for the stock from GBX 1,650 ($21.42) to GBX 1,740 ($22.59) in a report on Monday, June 12th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,920 ($24.93) price target on shares of Ashtead Group plc in a report on Thursday, April 20th. Beaufort Securities reiterated a “buy” rating on shares of Ashtead Group plc in a report on Wednesday, June 14th. Finally, Numis Securities Ltd reiterated an “add” rating and set a GBX 1,750 ($22.72) price target on shares of Ashtead Group plc in a report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 1,724.38 ($22.39).

Ashtead Group plc (LON:AHT) traded down 0.57% during midday trading on Thursday, hitting GBX 1571.00. The stock had a trading volume of 999,070 shares. The stock’s market capitalization is GBX 6.97 billion. The stock’s 50-day moving average is GBX 1,612.95 and its 200-day moving average is GBX 1,628.31. Ashtead Group plc has a 1-year low of GBX 1,182.00 and a 1-year high of GBX 1,764.00.

COPYRIGHT VIOLATION WARNING: “Ashtead Group plc’s (AHT) “Buy” Rating Reiterated at Peel Hunt” was reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/08/20/ashtead-group-plcs-aht-buy-rating-reiterated-at-peel-hunt.html.

In related news, insider Geoffrey Drabble sold 111,314 shares of the stock in a transaction dated Monday, June 19th. The stock was sold at an average price of GBX 1,622 ($21.06), for a total transaction of £1,805,513.08 ($2,343,908.97).

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.

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.