Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup Inc. in a note issued to investors on Monday. They presently have a GBX 2,000 ($26.39) target price on the stock. Citigroup Inc.’s price objective indicates a potential upside of 2.99% from the stock’s current price.

A number of other brokerages have also commented on AHT. Liberum Capital reaffirmed a “buy” rating and issued a GBX 2,030 ($26.79) price target on shares of Ashtead Group plc in a research note on Thursday, October 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 2,000 ($26.39) price target on shares of Ashtead Group plc in a research note on Monday, September 4th. Berenberg Bank raised their price target on Ashtead Group plc from GBX 1,600 ($21.11) to GBX 1,700 ($22.43) and gave the stock a “hold” rating in a research note on Thursday, September 14th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 1,550 ($20.45) price target on shares of Ashtead Group plc in a research note on Wednesday, July 12th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 1,650 ($21.77) price target on shares of Ashtead Group plc in a research note on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 1,799.07 ($23.74).

Ashtead Group plc (AHT) opened at 1954.70 on Monday. The firm’s 50-day moving average is GBX 1,817.76 and its 200 day moving average is GBX 1,663.96. Ashtead Group plc has a 12-month low of GBX 1,202.00 and a 12-month high of GBX 1,975.00. The company’s market cap is GBX 9.73 billion.

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 analysts’ consensus estimates of GBX 30.10 ($0.40) by GBX 1.40 ($0.02). Ashtead Group plc had a return on equity of 29.67% and a net margin of 17.04%. The company had revenue of £828.80 million during the quarter. On average, equities analysts expect that Ashtead Group plc will post $118.98 earnings per share for the current fiscal 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.

Analyst Recommendations for Ashtead Group plc (LON:AHT)

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