Ashtead Group (AHT) Earns Buy Rating from Numis Securities

Ashtead Group (LON:AHT)‘s stock had its “buy” rating reaffirmed by research analysts at Numis Securities in a note issued to investors on Wednesday. They presently have a GBX 2,500 ($33.65) price target on the stock. Numis Securities’ price target points to a potential upside of 26.07% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Citigroup reissued a “buy” rating and issued a GBX 2,000 ($26.92) target price on shares of Ashtead Group in a research report on Monday, October 30th. Barclays reissued an “overweight” rating and issued a GBX 1,867 ($25.13) target price on shares of Ashtead Group in a research report on Wednesday, September 13th. Liberum Capital reissued a “buy” rating and issued a GBX 2,030 ($27.32) target price on shares of Ashtead Group in a research report on Thursday, October 19th. Peel Hunt reissued a “buy” rating and issued a GBX 1,800 ($24.23) target price on shares of Ashtead Group in a research report on Tuesday, September 12th. Finally, Jefferies Group reissued a “buy” rating and issued a GBX 2,000 ($26.92) target price on shares of Ashtead Group in a research report on Monday, September 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 1,959.50 ($26.37).

Shares of Ashtead Group (LON:AHT) opened at GBX 1,983 ($26.69) on Wednesday. Ashtead Group has a 12-month low of GBX 1,476 ($19.87) and a 12-month high of GBX 2,038.84 ($27.44).

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 Thomson Reuters’ consensus estimate of GBX 30.10 ($0.41) by GBX 1.40 ($0.02). Ashtead Group had a net margin of 17.04% and a return on equity of 29.67%. The business had revenue of £828.80 million for the quarter.

In other Ashtead Group news, insider Suzanne Wood sold 145,000 shares of Ashtead Group stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of GBX 2,056 ($27.67), for a total transaction of £2,981,200 ($4,012,382.23).

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About Ashtead Group

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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