Ashtead Group plc (AHT) Insider Sells £2,981,200 in Stock

Ashtead Group plc (LON:AHT) insider Suzanne Wood sold 145,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of GBX 2,056 ($27.67), for a total value of £2,981,200 ($4,012,382.23).

Ashtead Group plc (AHT) opened at GBX 1,987 ($26.74) on Wednesday. Ashtead Group plc 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 issued its quarterly earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 30.10 ($0.41) by GBX 1.40 ($0.02). The firm had revenue of £828.80 million for the quarter. Ashtead Group had a return on equity of 29.67% and a net margin of 17.04%.

AHT has been the topic of a number of recent analyst reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,800 ($24.23) price objective on shares of Ashtead Group in a research note on Thursday, August 17th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 2,030 ($27.32) price objective on shares of Ashtead Group in a research note on Thursday, December 7th. J P Morgan Chase & Co lifted their price objective on Ashtead Group from GBX 1,800 ($24.23) to GBX 2,400 ($32.30) and gave the stock an “overweight” rating in a research note on Tuesday, November 28th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 2,000 ($26.92) price objective on shares of Ashtead Group in a research note on Thursday, October 19th. Finally, Citigroup lowered Ashtead Group to a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Ashtead Group presently has an average rating of “Hold” and an average target price of GBX 1,923.79 ($25.89).

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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.

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