Ashtead Group plc’s (AHT) Neutral Rating Reiterated at BNP Paribas
Ashtead Group plc (LON:AHT)‘s stock had its “neutral” rating restated by BNP Paribas in a note issued to investors on Monday. They presently have a GBX 1,100 ($13.61) price objective on the stock. BNP Paribas’ price target suggests a potential downside of 16.35% from the stock’s current price.
Several other equities research analysts have also recently weighed in on AHT. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,250 ($15.47) price target on shares of Ashtead Group plc in a research note on Wednesday, July 13th. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a GBX 770 ($9.53) price target on shares of Ashtead Group plc in a research note on Monday, July 4th. Barclays PLC reissued an “overweight” rating and issued a GBX 1,279 ($15.83) target price on shares of Ashtead Group plc in a report on Thursday, September 8th. Jefferies Group reissued a “buy” rating and issued a GBX 1,550 ($19.18) target price on shares of Ashtead Group plc in a report on Friday. Finally, HSBC boosted their target price on Ashtead Group plc from GBX 970 ($12.00) to GBX 1,225 ($15.16) and gave the stock a “hold” rating in a report on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 1,306.27 ($16.17).
Shares of Ashtead Group plc (LON:AHT) opened at 1311.00 on Monday. The stock’s market cap is GBX 6.55 billion. The company has a 50-day moving average price of GBX 1,263.38 and a 200 day moving average price of GBX 1,076.46. Ashtead Group plc has a one year low of GBX 749.00 and a one year high of GBX 1,378.93.
In other Ashtead Group plc news, insider Cole,Christopher sold 25,000 shares of the stock in a transaction dated 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).
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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