Ashtead Group plc (AHT) PT Raised to GBX 1,700 at Berenberg Bank
Ashtead Group plc (LON:AHT) had its target price upped by analysts at Berenberg Bank from GBX 1,600 ($20.66) to GBX 1,700 ($21.96) in a report issued on Thursday. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s target price would indicate a potential downside of 2.19% from the company’s current price.
AHT has been the subject of a number of other reports. Royal Bank Of Canada increased their price objective on shares of Ashtead Group plc from GBX 1,920 ($24.80) to GBX 2,000 ($25.83) and gave the company an “outperform” rating in a report on Friday, June 23rd. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 2,000 ($25.83) price objective on shares of Ashtead Group plc in a report on Wednesday, May 31st. HSBC Holdings plc raised shares of Ashtead Group plc to a “buy” rating and increased their price objective for the company from GBX 1,650 ($21.31) to GBX 1,740 ($22.47) in a report on Monday, June 12th. BNP Paribas reaffirmed a “neutral” rating and set a GBX 1,550 ($20.02) price objective on shares of Ashtead Group plc in a report on Wednesday, July 12th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Ashtead Group plc in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,783.62 ($23.04).
Ashtead Group plc (AHT) traded down 1.31% during midday trading on Thursday, reaching GBX 1738.00. 1,858,765 shares of the company traded hands. Ashtead Group plc has a 12-month low of GBX 1,182.00 and a 12-month high of GBX 1,828.72. The stock’s market capitalization is GBX 7.71 billion. The company has a 50 day moving average of GBX 1,643.59 and a 200-day moving average of GBX 1,629.55.
Ashtead Group plc (LON:AHT) last issued its quarterly earnings data on Tuesday, September 12th. The company reported GBX 31.50 ($0.41) earnings per share for the quarter, topping the Thomson Reuters’ 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. Equities analysts anticipate that Ashtead Group plc will post $118.65 EPS for the current fiscal year.
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In related 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 value 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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