Analysts Set Ashtead Group plc (AHT) Target Price at $1,724.38
Shares of Ashtead Group plc (LON:AHT) have been given a consensus recommendation of “Buy” by the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 1,724.38 ($22.30).
A number of equities research analysts recently commented on AHT shares. Royal Bank Of Canada upped their price target on shares of Ashtead Group plc from GBX 1,920 ($24.83) to GBX 2,000 ($25.87) and gave the company an “outperform” rating in a report on Friday, June 23rd. Jefferies Group LLC restated a “buy” rating and issued a GBX 2,000 ($25.87) price objective on shares of Ashtead Group plc in a report on Wednesday, May 31st. HSBC Holdings plc upgraded shares of Ashtead Group plc to a “buy” rating and upped their price objective for the stock from GBX 1,650 ($21.34) to GBX 1,740 ($22.50) in a report on Monday, June 12th. BNP Paribas restated a “neutral” rating and issued a GBX 1,550 ($20.05) price objective on shares of Ashtead Group plc in a report on Wednesday, July 12th. Finally, Beaufort Securities restated a “buy” rating on shares of Ashtead Group plc in a report on Wednesday, June 14th.
In related news, insider Geoffrey Drabble sold 111,314 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of GBX 1,622 ($20.98), for a total value of £1,805,513.08 ($2,335,117.80).
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Shares of Ashtead Group plc (AHT) traded up 2.53% during trading on Tuesday, reaching GBX 1705.00. 1,586,390 shares of the company were exchanged. The stock has a 50-day moving average price of GBX 1,625.78 and a 200-day moving average price of GBX 1,627.68. Ashtead Group plc has a one year low of GBX 1,182.00 and a one year high of GBX 1,764.00. The stock’s market capitalization is GBX 7.56 billion.
The firm also recently declared a dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 17th will be paid a GBX 22.75 ($0.29) dividend. This represents a dividend yield of 1.42%. This is a positive change from Ashtead Group plc’s previous dividend of $4.75. The ex-dividend date is Thursday, August 17th.
About Ashtead Group plc
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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