Ashtead Group plc (LON:AHT) had its price objective raised by Numis Securities Ltd from GBX 1,800 ($23.25) to GBX 2,000 ($25.83) in a research report sent to investors on Wednesday morning. They currently have an add rating on the stock.

A number of other research firms have also issued reports on AHT. Barclays PLC reissued an overweight rating and set a GBX 1,867 ($24.11) price target on shares of Ashtead Group plc in a research report on Wednesday. J P Morgan Chase & Co reissued an overweight rating and set a GBX 1,800 ($23.25) price target on shares of Ashtead Group plc in a research report on Wednesday. Deutsche Bank AG reissued a hold rating and set a GBX 1,650 ($21.31) price target on shares of Ashtead Group plc in a research report on Wednesday. Jefferies Group LLC reissued a buy rating and set a GBX 2,000 ($25.83) price target on shares of Ashtead Group plc in a research report on Monday, September 4th. Finally, Liberum Capital reissued a buy rating and set a GBX 1,940 ($25.05) price target on shares of Ashtead Group plc in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of GBX 1,783.62 ($23.04).

Ashtead Group plc (LON:AHT) opened at 1738.00 on Wednesday. The stock’s market capitalization is GBX 7.71 billion. Ashtead Group plc has a one year low of GBX 1,182.00 and a one year high of GBX 1,828.72. The firm has a 50-day moving average of GBX 1,643.59 and a 200 day moving average of GBX 1,629.55.

Ashtead Group plc (LON:AHT) last posted its quarterly earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 30.10 ($0.39) by GBX 1.40 ($0.02). Ashtead Group plc had a net margin of 14.47% and a return on equity of 24.78%. The company had revenue of £828.80 million during the quarter. On average, equities research analysts anticipate that Ashtead Group plc will post $118.65 earnings per share for the current fiscal year.

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In other news, insider Geoffrey Drabble sold 111,314 shares of Ashtead Group plc stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of GBX 1,622 ($20.95), for a total transaction 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.

Analyst Recommendations for Ashtead Group plc (LON:AHT)

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