Deutsche Bank AG Increases Ashtead Group plc (AHT) Price Target to GBX 730
Ashtead Group plc (LON:AHT) had its target price raised by analysts at Deutsche Bank AG from GBX 710 ($8.87) to GBX 730 ($9.12) in a research note issued to investors on Friday. The firm currently has a “sell” rating on the stock. Deutsche Bank AG’s target price would suggest a potential downside of 48.59% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. BNP Paribas reiterated a “neutral” rating and issued a GBX 1,050 ($13.12) target price on shares of Ashtead Group plc in a research note on Monday, August 1st. Citigroup Inc. reiterated a “buy” rating and issued a GBX 1,450 ($18.12) target price on shares of Ashtead Group plc in a research note on Monday, September 12th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,500 ($18.74) target price (up from GBX 1,350 ($16.87)) on shares of Ashtead Group plc in a research note on Thursday, October 13th. HSBC lifted their target price on shares of Ashtead Group plc from GBX 970 ($12.12) to GBX 1,225 ($15.30) and gave the stock a “hold” rating in a research note on Monday, August 22nd. Finally, Jefferies Group reiterated a “buy” rating and issued a GBX 1,550 ($19.37) target price on shares of Ashtead Group plc in a research note on Friday, October 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. Ashtead Group plc presently has an average rating of “Buy” and a consensus price target of GBX 1,314.27 ($16.42).
Ashtead Group plc (LON:AHT) opened at 1420.00 on Friday. The company’s market cap is GBX 7.09 billion. The company’s 50 day moving average is GBX 1,323.08 and its 200-day moving average is GBX 1,163.07. Ashtead Group plc has a 12 month low of GBX 749.00 and a 12 month high of GBX 1,456.00.
Ashtead Group plc Company Profile
Ashtead Group plc is an equipment rental company. The Company rents a range of construction and industrial equipment across a range of applications to a diverse customer base. The Company’s segments include Sunbelt and A-Plant. The Company operates in the United States, the United Kingdom and Canada.
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