Ashtead Group plc (AHT) Given Average Recommendation of “Buy” by Brokerages
Ashtead Group plc (LON:AHT) has been assigned a consensus rating of “Buy” from the fourteen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 1,724.38 ($22.30).
Several research analysts recently weighed in on AHT shares. Royal Bank Of Canada raised their target price on Ashtead Group plc from GBX 1,920 ($24.83) to GBX 2,000 ($25.87) and gave the company an “outperform” rating in a research note on Friday, June 23rd. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 2,000 ($25.87) price target on shares of Ashtead Group plc in a research report on Wednesday, May 31st. HSBC Holdings plc upgraded Ashtead Group plc to a “buy” rating and increased their price target for the company from GBX 1,650 ($21.34) to GBX 1,740 ($22.50) in a research report on Monday, June 12th. BNP Paribas reiterated a “neutral” rating and issued a GBX 1,550 ($20.05) price target on shares of Ashtead Group plc in a research report on Wednesday, July 12th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Ashtead Group plc in a research report on Wednesday, June 14th.
Shares of Ashtead Group plc (LON:AHT) traded up 0.13% during midday trading on Tuesday, hitting GBX 1588.00. 787,176 shares of the stock were exchanged. The firm has a 50-day moving average price of GBX 1,615.33 and a 200 day moving average price of GBX 1,627.18. Ashtead Group plc has a 12-month low of GBX 1,182.00 and a 12-month high of GBX 1,764.00. The firm’s market cap is GBX 7.04 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 17th will be given a dividend of GBX 22.75 ($0.29) per share. The ex-dividend date is Thursday, August 17th. This is a positive change from Ashtead Group plc’s previous dividend of $4.75. This represents a yield of 1.42%.
In other Ashtead Group plc news, insider Geoffrey Drabble sold 111,314 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of GBX 1,622 ($20.98), for a total transaction of £1,805,513.08 ($2,335,117.80).
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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