Ashtead Group plc (AHT) PT Raised to GBX 1,430 at JPMorgan Chase & Co.
Ashtead Group plc (LON:AHT) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from GBX 1,370 ($16.96) to GBX 1,430 ($17.70) in a note issued to investors on Friday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 6.16% from the company’s current price.
Other analysts also recently issued reports about the company. Royal Bank Of Canada began coverage on Ashtead Group plc in a report on Thursday. They issued an “outperform” rating and a GBX 1,580 ($19.55) price objective for the company. Peel Hunt restated a “buy” rating and issued a GBX 1,500 ($18.56) price objective (up from GBX 1,350 ($16.71)) on shares of Ashtead Group plc in a report on Thursday. Berenberg Bank lifted their price objective on 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. BNP Paribas restated a “neutral” rating and issued a GBX 1,050 ($13.00) price objective on shares of Ashtead Group plc in a report on Monday, July 18th. Finally, Citigroup Inc. restated a “buy” rating and issued a GBX 1,450 ($17.95) price objective on shares of Ashtead Group plc in a report on Monday, September 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. Ashtead Group plc has an average rating of “Buy” and an average price target of GBX 1,271.93 ($15.74).
Shares of Ashtead Group plc (LON:AHT) opened at 1347.00 on Friday. The stock’s market cap is GBX 6.73 billion. The stock’s 50 day moving average is GBX 1,261.35 and its 200-day moving average is GBX 1,074.80. Ashtead Group plc has a one year low of GBX 749.00 and a one year high of GBX 1,378.93.
In related news, insider Cole,Christopher sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of GBX 1,186 ($14.68), for a total value 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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