Ashtead Group plc (AHT) Price Target Increased to GBX 1,700 by Analysts at Berenberg Bank
Ashtead Group plc (LON:AHT) had its price target upped by equities researchers at Berenberg Bank from GBX 1,600 ($20.66) to GBX 1,700 ($21.96) in a research report issued to clients and investors on Thursday. The firm presently has a “hold” rating on the stock. Berenberg Bank’s target price would suggest a potential downside of 3.90% from the stock’s current price.
Several other research analysts have also commented on AHT. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 2,000 ($25.83) target price on shares of Ashtead Group plc in a research report on Wednesday, May 31st. Liberum Capital reiterated a “buy” rating and issued a GBX 1,940 ($25.05) target price on shares of Ashtead Group plc in a research report on Tuesday, June 6th. HSBC Holdings plc upgraded Ashtead Group plc to a “buy” rating and lifted their target price for the stock from GBX 1,650 ($21.31) to GBX 1,740 ($22.47) in a research report on Monday, June 12th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,800 ($23.25) target price on shares of Ashtead Group plc in a research report on Tuesday, June 13th. Finally, Barclays PLC lifted their target price on Ashtead Group plc from GBX 1,837 ($23.72) to GBX 1,867 ($24.11) and gave the stock an “overweight” rating in a research report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 1,783.62 ($23.04).
Shares of Ashtead Group plc (AHT) opened at 1769.00 on Thursday. The stock’s market cap is GBX 7.85 billion. The firm has a 50-day moving average price of GBX 1,638.31 and a 200-day moving average price of GBX 1,627.86. Ashtead Group plc has a 52 week low of GBX 1,182.00 and a 52 week high of GBX 1,828.72.
Ashtead Group plc (LON:AHT) last issued its quarterly earnings data on Tuesday, September 12th. The company reported GBX 31.50 ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 30.10 ($0.39) by GBX 1.40 ($0.02). The firm had revenue of £828.80 million during the quarter. Ashtead Group plc had a return on equity of 24.78% and a net margin of 14.47%. On average, analysts forecast that Ashtead Group plc will post $118.67 earnings per share for the current fiscal year.
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In related news, insider Geoffrey Drabble sold 111,314 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of GBX 1,622 ($20.95), for a total value of £1,805,513.08 ($2,331,800.44).
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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