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.
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).
WARNING: This report was posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/01/27/ashtead-group-aht-earns-overweight-rating-from-jpmorgan-chase-co.html.
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.
Receive News & Ratings for Ashtead Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashtead Group and related companies with MarketBeat.com's FREE daily email newsletter.