Ashtead Group plc (AHT) Announces Earnings Results
Ashtead Group plc (LON:AHT) issued its quarterly earnings results on Tuesday. The company reported GBX 31.50 ($0.41) EPS for the quarter, beating analysts’ consensus estimates of GBX 30.10 ($0.39) by GBX 1.40 ($0.02), Bloomberg Earnings reports. Ashtead Group plc had a net margin of 14.47% and a return on equity of 24.78%. The business had revenue of GBX 8,288 billion for the quarter.
Shares of Ashtead Group plc (LON AHT) opened at 1799.00 on Thursday. The company has a 50-day moving average of GBX 1,638.31 and a 200 day moving average of GBX 1,627.86. The company’s market cap is GBX 7.98 billion. Ashtead Group plc has a 12-month low of GBX 1,182.00 and a 12-month high of GBX 1,828.72.
In related news, insider Geoffrey Drabble sold 111,314 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of GBX 1,622 ($20.95), for a total transaction of £1,805,513.08 ($2,331,800.44).
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A number of research analysts have commented on the stock. Peel Hunt reiterated a “buy” rating and set a GBX 1,800 ($23.25) price target on shares of Ashtead Group plc in a research report on Tuesday, June 13th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,800 ($23.25) target price on shares of Ashtead Group plc in a report on Wednesday, June 14th. Barclays PLC restated an “overweight” rating and issued a GBX 1,867 ($24.11) target price on shares of Ashtead Group plc in a report on Wednesday. Deutsche Bank AG restated a “hold” rating and issued a GBX 1,650 ($21.31) target price on shares of Ashtead Group plc in a report on Wednesday. Finally, Numis Securities Ltd raised their target price on shares of Ashtead Group plc from GBX 1,800 ($23.25) to GBX 2,000 ($25.83) and gave the stock an “add” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 1,783.62 ($23.04).
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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