Ashtead Group plc (LON:AHT) had its target price increased by investment analysts at Royal Bank Of Canada from GBX 1,580 ($19.60) to GBX 1,700 ($21.09) in a note issued to investors on Wednesday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 12.51% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 1,050 ($13.03) target price on shares of Ashtead Group plc in a report on Monday, August 8th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 1,385 ($17.18) target price on shares of Ashtead Group plc in a report on Thursday, September 1st. JPMorgan Chase & Co. upped their target price on Ashtead Group plc from GBX 1,370 ($17.00) to GBX 1,430 ($17.74) and gave the stock an “overweight” rating in a report on Friday, October 14th. HSBC upped their target price on Ashtead Group plc from GBX 970 ($12.03) to GBX 1,225 ($15.20) and gave the stock a “hold” rating in a report on Monday, August 22nd. Finally, Deutsche Bank AG upped their target price on Ashtead Group plc from GBX 710 ($8.81) to GBX 730 ($9.06) and gave the stock a “sell” rating in a report on Friday, November 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Ashtead Group plc has an average rating of “Buy” and an average target price of GBX 1,332.27 ($16.53).

Analyst Recommendations for Ashtead Group plc (LON:AHT)

Ashtead Group plc (LON:AHT) traded up 3.6236% during trading on Wednesday, hitting GBX 1565.7520. The stock had a trading volume of 1,727,893 shares. Ashtead Group plc has a one year low of GBX 749.00 and a one year high of GBX 1,578.00. The firm’s market capitalization is GBX 7.82 billion. The stock has a 50 day moving average of GBX 1,347.00 and a 200 day moving average of GBX 1,183.80.

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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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