Ashtead Group plc (AHT) Coverage Initiated by Analysts at Royal Bank Of Canada
Royal Bank Of Canada initiated coverage on shares of Ashtead Group plc (LON:AHT) in a report issued on Thursday. The firm issued an outperform rating and a GBX 1,580 ($19.55) target price on the stock.
AHT has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price target on shares of Ashtead Group plc from GBX 1,140 ($14.11) to GBX 1,340 ($16.58) and gave the company an overweight rating in a research report on Monday, September 5th. Deutsche Bank AG reiterated a sell rating and set a GBX 710 ($8.79) target price on shares of Ashtead Group plc in a research report on Thursday, September 8th. BNP Paribas reiterated a neutral rating and set a GBX 1,100 ($13.61) target price on shares of Ashtead Group plc in a research report on Monday, October 3rd. Jefferies Group reiterated a buy rating and set a GBX 1,385 ($17.14) target price on shares of Ashtead Group plc in a research report on Thursday, September 1st. Finally, Peel Hunt reiterated a buy rating and set a GBX 1,350 ($16.71) target price on shares of Ashtead Group plc in a research report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of GBX 1,306.27 ($16.17).
Ashtead Group plc (LON:AHT) traded down 1.63% on Thursday, reaching GBX 1325.00. 1,459,258 shares of the company’s stock traded hands. The firm’s market capitalization is GBX 6.62 billion. Ashtead Group plc has a 52-week low of GBX 749.00 and a 52-week high of GBX 1,378.93. The firm’s 50 day moving average price is GBX 1,261.35 and its 200 day moving average price is GBX 1,074.80.
In other news, insider Cole,Christopher sold 25,000 shares of the stock in a transaction 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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