Ashtead Group (AHT) Given New GBX 1,900 Price Target at Berenberg Bank

Ashtead Group (LON:AHT) had its price objective hoisted by stock analysts at Berenberg Bank from GBX 1,700 ($23.49) to GBX 1,900 ($26.25) in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price objective would suggest a potential downside of 5.24% from the stock’s previous close.

Several other equities analysts have also weighed in on AHT. Liberum Capital raised their price objective on shares of Ashtead Group from GBX 2,140 ($29.57) to GBX 2,360 ($32.61) and gave the company a “buy” rating in a research report on Monday, February 5th. Deutsche Bank raised their price objective on shares of Ashtead Group from GBX 1,800 ($24.87) to GBX 1,930 ($26.66) and gave the company a “hold” rating in a research report on Monday. Credit Suisse Group raised shares of Ashtead Group to an “outperform” rating and raised their price objective for the company from GBX 1,650 ($22.80) to GBX 2,240 ($30.95) in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. raised their price objective on shares of Ashtead Group from GBX 1,800 ($24.87) to GBX 2,400 ($33.16) and gave the company an “overweight” rating in a research report on Tuesday, November 28th. Finally, Numis Securities reaffirmed a “buy” rating and set a GBX 2,500 ($34.54) price objective on shares of Ashtead Group in a research report on Wednesday, December 13th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Ashtead Group has a consensus rating of “Buy” and a consensus price target of GBX 2,229.29 ($30.80).

Shares of Ashtead Group (LON:AHT) traded up GBX 10.50 ($0.15) on Tuesday, reaching GBX 2,005 ($27.70). 1,312,048 shares of the company traded hands, compared to its average volume of 1,960,000. The company has a market capitalization of $9,940.00 and a price-to-earnings ratio of 1,822.73. Ashtead Group has a 52-week low of GBX 1,476 ($20.39) and a 52-week high of GBX 2,185 ($30.19).

Ashtead Group (LON:AHT) last issued its quarterly earnings data on Tuesday, December 12th. The company reported GBX 70.20 ($0.97) earnings per share for the quarter, beating the consensus estimate of GBX 69.10 ($0.95) by GBX 1.10 ($0.02). The firm had revenue of GBX 189.91 billion for the quarter. Ashtead Group had a net margin of 16.77% and a return on equity of 32.51%.

In other 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 ($28.41), for a total value of £2,981,200 ($4,118,817.35).

COPYRIGHT VIOLATION NOTICE: “Ashtead Group (AHT) Given New GBX 1,900 Price Target at Berenberg Bank” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/14/ashtead-group-aht-given-new-gbx-1900-price-target-at-berenberg-bank.html.

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)

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.

Leave a Reply