Ashtead Group plc (AHT) Receives Buy Rating from Liberum Capital
Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating restated by stock analysts at Liberum Capital in a research note issued on Friday. They currently have a GBX 1,940 ($25.05) price target on the stock. Liberum Capital’s target price would indicate a potential upside of 14.45% from the company’s current price.
Other research analysts have also issued reports about the company. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 1,750 ($22.60) target price on shares of Ashtead Group plc in a report on Wednesday, June 14th. Beaufort Securities reissued a “buy” rating on shares of Ashtead Group plc in a research note on Wednesday, June 14th. Peel Hunt reissued a “buy” rating and issued a GBX 1,800 ($23.25) price target on shares of Ashtead Group plc in a research note on Tuesday, June 13th. HSBC Holdings plc raised Ashtead Group plc to a “buy” rating and lifted their price target for the stock from GBX 1,650 ($21.31) to GBX 1,740 ($22.47) in a research note on Monday, June 12th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a GBX 2,000 ($25.83) price target on shares of Ashtead Group plc in a research note on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 1,724.38 ($22.27).
Ashtead Group plc (AHT) traded up 0.65% on Friday, reaching GBX 1695.00. 1,328,430 shares of the company’s stock were exchanged. The firm’s 50 day moving average is GBX 1,634.95 and its 200 day moving average is GBX 1,627.76. Ashtead Group plc has a 1-year low of GBX 1,182.00 and a 1-year high of GBX 1,764.00. The stock’s market capitalization is GBX 7.52 billion.
Ashtead Group plc (LON:AHT) last released its earnings results on Tuesday, June 13th. The company reported $25.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $24.92 by $0.18. Ashtead Group plc had a return on equity of 24.78% and a net margin of 14.47%. Analysts expect that Ashtead Group plc will post $119.00 EPS for the current year.
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In other Ashtead Group plc news, insider Geoffrey Drabble sold 111,314 shares of Ashtead Group plc stock in a transaction dated Monday, June 19th. The stock was sold at an average price of GBX 1,622 ($20.95), for a total transaction of £1,805,513.08 ($2,331,800.44).
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.
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