Ashtead Group plc (LON:AHT) has been given a consensus recommendation of “Buy” by the fifteen ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 1,895.50 ($25.51).

Several brokerages have recently weighed in on AHT. Liberum Capital restated a “buy” rating and issued a GBX 2,030 ($27.32) price objective on shares of Ashtead Group in a report on Thursday. Deutsche Bank raised their price objective on Ashtead Group from GBX 1,650 ($22.21) to GBX 1,800 ($24.23) and gave the company a “hold” rating in a report on Wednesday. Royal Bank Of Canada raised their price objective on Ashtead Group from GBX 2,100 ($28.26) to GBX 2,400 ($32.30) and gave the company an “outperform” rating in a report on Tuesday. Jefferies Group raised their price objective on Ashtead Group from GBX 2,000 ($26.92) to GBX 2,200 ($29.61) and gave the company a “buy” rating in a report on Friday, December 1st. Finally, J P Morgan Chase & Co raised their price objective on Ashtead Group from GBX 1,800 ($24.23) to GBX 2,400 ($32.30) and gave the company an “overweight” rating in a report on Tuesday, November 28th.

Ashtead Group (LON:AHT) opened at GBX 1,983 ($26.69) on Thursday. Ashtead Group has a twelve month low of GBX 1,476 ($19.87) and a twelve month high of GBX 1,983 ($26.69).

Ashtead Group (LON:AHT) last released its earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 30.10 ($0.41) by GBX 1.40 ($0.02). The firm had revenue of £828.80 million during the quarter. Ashtead Group had a return on equity of 29.67% and a net margin of 17.04%.

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Ashtead Group 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 (LON:AHT)

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