Ashtead Group (AHT) Earns Overweight Rating from JPMorgan Chase & Co.

Ashtead Group (LON:AHT)‘s stock had its “overweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued on Thursday. They presently have a GBX 2,450 ($33.22) target price on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 15.35% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Numis Securities reaffirmed a “buy” rating and set a GBX 2,500 ($33.90) price target on shares of Ashtead Group in a research report on Wednesday, December 13th. Jefferies Group upped their price target on shares of Ashtead Group from GBX 2,000 ($27.12) to GBX 2,200 ($29.83) and gave the company a “buy” rating in a research report on Friday, December 1st. Citigroup reaffirmed a “buy” rating and set a GBX 2,000 ($27.12) price target on shares of Ashtead Group in a research report on Monday, October 30th. Liberum Capital reaffirmed a “buy” rating and set a GBX 2,030 ($27.53) price target on shares of Ashtead Group in a research report on Thursday, October 19th. Finally, Peel Hunt upped their price target on shares of Ashtead Group from GBX 1,800 ($24.41) to GBX 2,200 ($29.83) and gave the company a “buy” rating in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Ashtead Group has a consensus rating of “Buy” and an average target price of GBX 2,130 ($28.89).

Shares of Ashtead Group (LON AHT) traded up GBX 52 ($0.71) during trading on Thursday, hitting GBX 2,124 ($28.80). 3,269,870 shares of the company traded hands, compared to its average volume of 1,690,000. Ashtead Group has a one year low of GBX 1,476 ($20.02) and a one year high of GBX 2,185 ($29.63). The company has a market capitalization of $10,640.00 and a PE ratio of 1,930.91.

Ashtead Group (LON:AHT) last issued its quarterly earnings data on Tuesday, December 12th. The company reported GBX 70.20 ($0.95) earnings per share for the quarter, topping the consensus estimate of GBX 69.10 ($0.94) by GBX 1.10 ($0.01). Ashtead Group had a net margin of 16.77% and a return on equity of 32.51%. The company had revenue of GBX 189.91 billion for the quarter.

In other Ashtead Group news, insider Suzanne Wood sold 145,000 shares of the stock in a transaction dated 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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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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