Ashtead Group plc’s (AHT) “Buy” Rating Reiterated at Peel Hunt
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.
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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.
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