Liberum Capital Reaffirms “Buy” Rating for Ashtead Group plc (AHT)
Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a research report issued to clients and investors on Thursday. They currently have a GBX 2,030 ($26.97) target price on the stock. Liberum Capital’s target price suggests a potential upside of 8.04% from the stock’s current price.
AHT has been the topic of a number of other reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,800 ($23.92) price target on shares of Ashtead Group plc in a research note on Thursday, August 17th. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 2,000 ($26.57) price target on shares of Ashtead Group plc in a research note on Thursday. Credit Suisse Group lifted their price target on Ashtead Group plc from GBX 1,500 ($19.93) to GBX 1,650 ($21.92) and gave the stock a “neutral” rating in a research note on Thursday, September 14th. Numis Securities Ltd lifted their price target on Ashtead Group plc from GBX 1,800 ($23.92) to GBX 2,000 ($26.57) and gave the stock an “add” rating in a research note on Wednesday, September 13th. Finally, Royal Bank Of Canada lifted their price target on Ashtead Group plc from GBX 1,920 ($25.51) to GBX 2,000 ($26.57) and gave the stock an “outperform” rating in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 1,783.62 ($23.70).
Shares of Ashtead Group plc (LON AHT) traded down 0.32% during mid-day trading on Thursday, reaching GBX 1879.00. The company had a trading volume of 1,185,686 shares. Ashtead Group plc has a 12-month low of GBX 1,202.00 and a 12-month high of GBX 1,921.00. The firm’s market capitalization is GBX 9.35 billion. The stock has a 50 day moving average price of GBX 1,785.68 and a 200 day moving average price of GBX 1,655.32.
Ashtead Group plc (LON:AHT) last announced its quarterly earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 30.10 ($0.40) by GBX 1.40 ($0.02). The business had revenue of £828.80 million for the quarter. Ashtead Group plc had a return on equity of 29.67% and a net margin of 17.04%. On average, equities analysts forecast that Ashtead Group plc will post $118.98 earnings per share for the current year.
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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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