Ashtead Group plc (AHT) Given Average Recommendation of “Buy” by Brokerages
Ashtead Group plc (LON:AHT) has earned an average rating of “Buy” from the sixteen research firms that are currently covering the company. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 1,306.27 ($16.17).
A number of equities research analysts have recently issued reports on AHT shares. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,140 ($14.11) price target on shares of Ashtead Group plc in a report on Thursday, July 21st. Jefferies Group restated a “buy” rating on shares of Ashtead Group plc in a report on Tuesday, August 2nd. BNP Paribas restated a “neutral” rating and set a GBX 1,050 ($13.00) price target on shares of Ashtead Group plc in a report on Monday, July 11th. Peel Hunt restated a “buy” rating and set a GBX 1,350 ($16.71) price target on shares of Ashtead Group plc in a report on Wednesday, September 7th. Finally, Berenberg Bank boosted their price target on shares of Ashtead Group plc from GBX 1,150 ($14.23) to GBX 1,200 ($14.85) and gave the company a “buy” rating in a report on Monday, July 4th.
Shares of Ashtead Group plc (LON:AHT) traded down 2.38% during trading on Friday, hitting GBX 1315.00. 4,459,732 shares of the stock were exchanged. Ashtead Group plc has a 12-month low of GBX 749.00 and a 12-month high of GBX 1,378.93. The stock’s 50 day moving average is GBX 1,263.38 and its 200-day moving average is GBX 1,076.46. The stock’s market cap is GBX 6.57 billion.
In related news, insider Cole,Christopher sold 25,000 shares of the company’s 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).
About Ashtead Group plc
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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