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).
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).
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.
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