Ashtead Group plc (AHT) Price Target Raised to GBX 2,030 at Liberum Capital
Ashtead Group plc (LON:AHT) had its price target raised by investment analysts at Liberum Capital from GBX 1,940 ($25.05) to GBX 2,030 ($26.22) in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Liberum Capital’s price objective indicates a potential upside of 16.80% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on AHT. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,800 ($23.25) target price on shares of Ashtead Group plc in a report on Thursday, August 17th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 1,800 ($23.25) target price on shares of Ashtead Group plc in a report on Wednesday. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 1,650 ($21.31) target price on shares of Ashtead Group plc in a report on Wednesday. Numis Securities Ltd upped their target price on shares of Ashtead Group plc from GBX 1,800 ($23.25) to GBX 2,000 ($25.83) and gave the company an “add” rating in a report on Wednesday. Finally, Barclays PLC reiterated an “overweight” rating and issued a GBX 1,867 ($24.11) price target on shares of Ashtead Group plc in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Ashtead Group plc currently has a consensus rating of “Buy” and an average target price of GBX 1,783.62 ($23.04).
Ashtead Group plc (LON:AHT) traded down 1.31% during trading on Thursday, reaching GBX 1738.00. 1,858,765 shares of the company’s stock traded hands. The firm has a 50 day moving average price of GBX 1,643.59 and a 200-day moving average price of GBX 1,629.55. The firm’s market cap is GBX 7.71 billion. Ashtead Group plc has a 12 month low of GBX 1,182.00 and a 12 month high of GBX 1,828.72.
Ashtead Group plc (LON:AHT) last issued its quarterly earnings results 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 net margin of 14.47% and a return on equity of 24.78%. The firm had revenue of £828.80 million for the quarter. On average, analysts forecast that Ashtead Group plc will post $118.65 earnings per share for the current fiscal year.
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In related news, insider Geoffrey Drabble sold 111,314 shares of the stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of GBX 1,622 ($20.95), for a total transaction of £1,805,513.08 ($2,331,800.44).
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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