J P Morgan Chase & Co Reaffirms Overweight Rating for Ashtead Group plc (AHT)
J P Morgan Chase & Co reissued their overweight rating on shares of Ashtead Group plc (LON:AHT) in a research report report published on Wednesday, MarketBeat Ratings reports. They currently have a GBX 1,800 ($23.25) price target on the stock.
Other equities research analysts have also issued reports about the company. Numis Securities Ltd restated an add rating and set a GBX 1,750 ($22.60) price target on shares of Ashtead Group plc in a research note on Wednesday, June 14th. Beaufort Securities restated a buy rating on shares of Ashtead Group plc in a research note on Wednesday, June 14th. Peel Hunt restated a buy rating and set a GBX 1,800 ($23.25) price target on shares of Ashtead Group plc in a research note on Tuesday, June 13th. Liberum Capital restated a buy rating and set a GBX 1,940 ($25.05) price target on shares of Ashtead Group plc in a research note on Tuesday, June 13th. Finally, HSBC Holdings plc upgraded Ashtead Group plc to a buy rating and upped their price target for the stock from GBX 1,650 ($21.31) to GBX 1,740 ($22.47) in a research note on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Ashtead Group plc currently has an average rating of Buy and a consensus price target of GBX 1,783.62 ($23.04).
Ashtead Group plc (AHT) opened at 1738.00 on Wednesday. Ashtead Group plc has a 52-week low of GBX 1,182.00 and a 52-week high of GBX 1,828.72. The firm has a 50-day moving average price of GBX 1,643.59 and a 200 day moving average price of GBX 1,629.55. The firm’s market capitalization is GBX 7.71 billion.
Ashtead Group plc (LON:AHT) last announced its quarterly earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.41) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 30.10 ($0.39) by GBX 1.40 ($0.02). The company 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%. Analysts forecast that Ashtead Group plc will post $118.65 EPS for the current year.
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In related news, insider Geoffrey Drabble sold 111,314 shares of the stock in a transaction dated 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).
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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