Ashtead Group (LON:AHT) was downgraded by Citigroup to a “neutral” rating in a research note issued on Wednesday.

Several other brokerages have also commented on AHT. Liberum Capital reiterated a “buy” rating and set a GBX 2,030 ($27.32) price objective on shares of Ashtead Group in a research report on Wednesday. Deutsche Bank reiterated a “hold” rating and set a GBX 1,800 ($24.23) price objective on shares of Ashtead Group in a research report on Wednesday. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Ashtead Group in a research report on Friday, December 8th. Royal Bank of Canada increased their price objective on Ashtead Group from GBX 2,100 ($28.26) to GBX 2,400 ($32.30) and gave the company an “outperform” rating in a research report on Tuesday, December 5th. Finally, Jefferies Group increased their price objective on Ashtead Group from GBX 2,000 ($26.92) to GBX 2,200 ($29.61) and gave the company a “buy” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Ashtead Group presently has an average rating of “Hold” and an average target price of GBX 1,923.79 ($25.89).

Ashtead Group (LON AHT) opened at GBX 2,060 ($27.73) on Wednesday. Ashtead Group has a 1 year low of GBX 1,476 ($19.87) and a 1 year high of GBX 2,038.84 ($27.44).

Ashtead Group (LON:AHT) last announced its quarterly earnings data on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) EPS for the quarter, beating the consensus estimate of GBX 30.10 ($0.41) by GBX 1.40 ($0.02). The firm had revenue of £828.80 million for the quarter. Ashtead Group had a return on equity of 29.67% and a net margin of 17.04%.

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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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