Ashtead Group plc (AHT) Earns “Buy” Rating from Citigroup Inc.
Citigroup Inc. reissued their buy rating on shares of Ashtead Group plc (LON:AHT) in a research report report published on Monday, MarketBeat Ratings reports. The firm currently has a GBX 2,000 ($26.39) target price on the stock.
A number of other analysts have also commented on the company. J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 1,800 ($23.75) price objective on shares of Ashtead Group plc in a research report on Friday, October 20th. Liberum Capital reiterated a buy rating and issued a GBX 2,030 ($26.79) price objective on shares of Ashtead Group plc in a research report on Thursday, October 19th. Jefferies Group LLC reiterated a buy rating and issued a GBX 2,000 ($26.39) price objective on shares of Ashtead Group plc in a research report on Thursday, October 19th. Barclays PLC reiterated an overweight rating and issued a GBX 1,867 ($24.64) price objective on shares of Ashtead Group plc in a research report on Monday, September 25th. Finally, Credit Suisse Group boosted their target price on Ashtead Group plc from GBX 1,500 ($19.79) to GBX 1,650 ($21.77) and gave the stock a neutral rating in a research report on Thursday, September 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of GBX 1,799.07 ($23.74).
Ashtead Group plc (LON:AHT) last announced its quarterly earnings data on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 30.10 ($0.40) 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 29.67% and a net margin of 17.04%.
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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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