Ashtead Group (LON:AHT)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a research note issued to investors on Thursday. They currently have a GBX 2,030 ($27.32) price target on the stock. Liberum Capital’s price target would suggest a potential upside of 1.96% from the stock’s previous close.

Several other equities research analysts also recently issued reports on AHT. Royal Bank Of Canada raised their price objective on shares of Ashtead Group from GBX 2,100 ($28.26) to GBX 2,400 ($32.30) and gave the stock an “outperform” rating in a research report on Tuesday. Deutsche Bank raised their price objective on shares of Ashtead Group from GBX 1,650 ($22.21) to GBX 1,800 ($24.23) and gave the stock a “hold” rating in a research report on Wednesday. Peel Hunt restated a “buy” rating and set a GBX 1,800 ($24.23) price objective on shares of Ashtead Group in a research report on Thursday, August 17th. Jefferies Group raised their price objective on shares of Ashtead Group from GBX 2,000 ($26.92) to GBX 2,200 ($29.61) and gave the stock a “buy” rating in a research report on Friday, December 1st. Finally, J P Morgan Chase & Co raised their price objective on shares of Ashtead Group from GBX 1,800 ($24.23) to GBX 2,400 ($32.30) and gave the stock an “overweight” rating in a research report on Tuesday, November 28th. 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. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 1,895.50 ($25.51).

Shares of Ashtead Group (AHT) opened at GBX 1,991 ($26.80) on Thursday. Ashtead Group has a one year low of GBX 1,476 ($19.87) and a one year high of GBX 1,983 ($26.69).

Ashtead Group (LON:AHT) last issued its earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 30.10 ($0.41) by GBX 1.40 ($0.02). Ashtead Group had a net margin of 17.04% and a return on equity of 29.67%. The business had revenue of £828.80 million during the quarter.

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About Ashtead Group

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 (LON:AHT)

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