Ashtead Group plc (AHT) Price Target Increased to GBX 1,650 by Analysts at Credit Suisse Group
Ashtead Group plc (LON:AHT) had its price target boosted by research analysts at Credit Suisse Group from GBX 1,500 ($19.37) to GBX 1,650 ($21.31) in a research report issued to clients and investors on Thursday. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group’s price target suggests a potential downside of 5.06% from the company’s previous close.
Several other equities research analysts also recently commented on AHT. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 2,000 ($25.83) price objective on shares of Ashtead Group plc in a report on Wednesday, May 31st. Liberum Capital reiterated a “buy” rating and issued a GBX 1,940 ($25.05) price objective on shares of Ashtead Group plc in a report on Tuesday, June 6th. HSBC Holdings plc upgraded Ashtead Group plc to a “buy” rating and lifted their price objective for the stock from GBX 1,650 ($21.31) to GBX 1,740 ($22.47) in a report on Monday, June 12th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,800 ($23.25) price objective on shares of Ashtead Group plc in a report on Tuesday, June 13th. Finally, Barclays PLC lifted their price objective on Ashtead Group plc from GBX 1,837 ($23.72) to GBX 1,867 ($24.11) and gave the stock an “overweight” rating in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 1,783.62 ($23.04).
Ashtead Group plc (AHT) traded down 1.31% during trading on Thursday, reaching GBX 1738.00. 1,858,765 shares of the company traded hands. The company’s 50-day moving average price is GBX 1,643.59 and its 200 day moving average price is GBX 1,629.55. Ashtead Group plc has a 52 week low of GBX 1,182.00 and a 52 week high of GBX 1,828.72. The firm’s market capitalization is GBX 7.71 billion.
Ashtead Group plc (LON:AHT) last released its quarterly earnings data on Tuesday, September 12th. The company reported GBX 31.50 ($0.41) EPS for the quarter, topping the consensus estimate of GBX 30.10 ($0.39) by GBX 1.40 ($0.02). Ashtead Group plc had a return on equity of 24.78% and a net margin of 14.47%. The company had revenue of £828.80 million during the quarter. On average, equities research analysts expect that Ashtead Group plc will post $118.65 EPS for the current year.
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In related news, insider Geoffrey Drabble sold 111,314 shares of the business’s stock in a transaction that occurred on 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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