Ashtead Group plc’s (AHT) “Buy” Rating Reiterated at Peel Hunt
Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating restated by equities researchers at Peel Hunt in a research note issued to investors on Thursday.
AHT has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price objective on shares of Ashtead Group plc from GBX 1,140 ($14.11) to GBX 1,340 ($16.58) and gave the stock an “overweight” rating in a research note on Monday, September 5th. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 710 ($8.79) price objective on shares of Ashtead Group plc in a research note on Thursday, September 8th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 1,100 ($13.61) price objective on shares of Ashtead Group plc in a research note on Monday, October 3rd. Jefferies Group reaffirmed a “buy” rating and issued a GBX 1,385 ($17.14) price objective on shares of Ashtead Group plc in a research note on Thursday, September 1st. Finally, Credit Suisse Group AG raised shares of Ashtead Group plc to a “neutral” rating and lifted their price objective for the stock from GBX 770 ($9.53) to GBX 1,150 ($14.23) in a research note on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. Ashtead Group plc presently has a consensus rating of “Buy” and an average target price of GBX 1,255.93 ($15.54).
Shares of Ashtead Group plc (LON:AHT) opened at 1337.00 on Thursday. The firm has a 50 day moving average of GBX 1,258.54 and a 200 day moving average of GBX 1,072.90. Ashtead Group plc has a one year low of GBX 749.00 and a one year high of GBX 1,378.93. The stock’s market cap is GBX 6.68 billion.
In related news, insider Cole,Christopher sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of GBX 1,186 ($14.68), for a total transaction of £296,500 ($366,955.45).
Ashtead Group plc Company Profile
Ashtead Group plc is a United Kingdom-based equipment rental company with networks in the United States and the United Kingdom. The Company operates through two business units: Sunbelt, which provides pump and power, climate control and scaffolding service, and A-Plant business, which operates through Eve Trakway Limited (Eve), which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services, and FLG (lifting) services.
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