Ashtead Group plc (AHT) Receives Average Recommendation of “Buy” from Brokerages
Ashtead Group plc (LON:AHT) has earned an average rating of “Buy” from the fourteen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 1,783.62 ($24.05).
Several research analysts have recently weighed in on the company. Peel Hunt restated a “buy” rating and issued a GBX 1,800 ($24.27) price target on shares of Ashtead Group plc in a research note on Thursday, August 17th. Berenberg Bank boosted their price target on Ashtead Group plc from GBX 1,600 ($21.57) to GBX 1,700 ($22.92) and gave the stock a “hold” rating in a research note on Thursday, September 14th. Credit Suisse Group boosted their price target on Ashtead Group plc from GBX 1,500 ($20.22) to GBX 1,650 ($22.25) and gave the stock a “neutral” rating in a research note on Thursday, September 14th. Liberum Capital restated a “buy” rating and issued a GBX 1,940 ($26.16) price target on shares of Ashtead Group plc in a research note on Tuesday, June 13th. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,800 ($24.27) price target on shares of Ashtead Group plc in a research note on Wednesday, September 13th.
Shares of Ashtead Group plc (LON:AHT) traded up 0.11% on Friday, reaching GBX 1785.00. The company’s stock had a trading volume of 794,396 shares. Ashtead Group plc has a 52-week low of GBX 1,182.00 and a 52-week high of GBX 1,828.00. The company’s market cap is GBX 8.88 billion. The stock has a 50-day moving average of GBX 1,650.70 and a 200 day moving average of GBX 1,629.78.
Ashtead Group plc (LON:AHT) last posted its quarterly earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 30.10 ($0.41) 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 firm had revenue of £828.80 million during the quarter. On average, equities research analysts forecast that Ashtead Group plc will post $118.65 earnings per share for the current year.
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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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