Ashtead Group (OTCMKTS:ASHTY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage currently has a $116.00 price target on the stock. Zacks Investment Research‘s price target indicates a potential upside of 10.97% from the stock’s current price.

According to Zacks, “Ashtead Group Plc is an equipment company which provides rental solutions primarily in United States and United Kingdom. The company’s operating segments consists of Sunbelt Rentals and A-Plant. Sunbelt Rentals provides pump and power, climate control and scaffolding services. A-Plant business operates through Eve Trakway Limited, which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services and FLG services. Ashtead Group Plc is headquartered in London, the United Kingdom. “

Shares of Ashtead Group (OTCMKTS:ASHTY) traded up $0.96 during trading hours on Friday, reaching $104.54. 2,484 shares of the company traded hands, compared to its average volume of 2,907. The company has a market cap of $12,906.19, a P/E ratio of 18.30 and a beta of 1.52. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.97 and a current ratio of 1.04. Ashtead Group has a fifty-two week low of $74.13 and a fifty-two week high of $105.15.

COPYRIGHT VIOLATION WARNING: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/12/01/zacks-investment-research-upgrades-ashtead-group-ashty-to-buy.html.

Get a free copy of the Zacks research report on Ashtead Group (ASHTY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ashtead Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashtead Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.