Ashtead Group’s (AHT) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.

Ashtead Group (LON:AHT)‘s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday. They currently have a GBX 2,450 ($33.22) target price on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 14.70% from the stock’s current price.

AHT has been the topic of several other research reports. Peel Hunt reissued a “buy” rating and issued a GBX 2,200 ($29.83) price objective on shares of Ashtead Group in a research note on Thursday, January 4th. Liberum Capital reissued a “buy” rating and issued a GBX 2,030 ($27.53) price objective on shares of Ashtead Group in a research note on Thursday, December 7th. Jefferies Group reissued a “buy” rating and issued a GBX 2,000 ($27.12) price objective on shares of Ashtead Group in a research note on Thursday, October 19th. Numis Securities reissued a “buy” rating and issued a GBX 2,500 ($33.90) price objective on shares of Ashtead Group in a research note on Wednesday, December 13th. Finally, Barclays reissued an “overweight” rating and issued a GBX 2,263 ($30.69) price objective on shares of Ashtead Group in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. Ashtead Group presently has a consensus rating of “Buy” and a consensus target price of GBX 2,104.87 ($28.54).

Ashtead Group (LON:AHT) traded up GBX 2 ($0.03) on Thursday, hitting GBX 2,136 ($28.97). The stock had a trading volume of 2,291,056 shares, compared to its average volume of 1,750,000. The company has a market capitalization of $10,630.00 and a PE ratio of 1,941.82. Ashtead Group has a 1 year low of GBX 1,476 ($20.02) and a 1 year high of GBX 2,168 ($29.40).

Ashtead Group (LON:AHT) last released its earnings results on Tuesday, December 12th. The company reported GBX 70.20 ($0.95) EPS for the quarter, beating analysts’ consensus estimates of GBX 69.10 ($0.94) by GBX 1.10 ($0.01). The firm had revenue of GBX 189.91 billion for the quarter. Ashtead Group had a return on equity of 32.51% and a net margin of 16.77%.

In other Ashtead Group news, insider Suzanne Wood sold 145,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of GBX 2,056 ($27.88), for a total value of £2,981,200 ($4,042,853.27).

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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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