Ashtead Group (NASDAQ:ASHTY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage presently has a $105.00 target price on the stock. Zacks Investment Research‘s target price suggests a potential upside of 9.71% from the stock’s previous close.

According to Zacks, “Ashtead Group Plc is an equipment company which provides rental solutions primarily in United States and United Kingdom. The company’s operating segments consists of Sunbelt Rentals and A-Plant. Sunbelt Rentals provides pump and power, climate control and scaffolding services. A-Plant business operates through Eve Trakway Limited, which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services and FLG services. Ashtead Group Plc is headquartered in London, the United Kingdom. “

Ashtead Group (NASDAQ ASHTY) traded up 2.36% during trading on Thursday, hitting $95.71. 2,248 shares of the stock were exchanged. The firm has a market cap of $10.61 billion and a price-to-earnings ratio of 18.51. Ashtead Group has a 12-month low of $60.39 and a 12-month high of $95.71.

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