Barclays Reiterates Overweight Rating for Ashtead Group (AHT)
Ashtead Group (LON:AHT)‘s stock had its “overweight” rating reissued by investment analysts at Barclays in a note issued to investors on Tuesday. They presently have a GBX 2,263 ($30.46) price objective on the stock. Barclays’ price target would indicate a potential upside of 15.34% from the stock’s current price.
A number of other brokerages have also issued reports on AHT. Liberum Capital reiterated a “buy” rating and issued a GBX 2,030 ($27.32) target price on shares of Ashtead Group in a research report on Wednesday, December 13th. Deutsche Bank reiterated a “hold” rating and issued a GBX 1,800 ($24.23) target price on shares of Ashtead Group in a research report on Wednesday, December 13th. Citigroup lowered shares of Ashtead Group to a “neutral” rating in a research report on Wednesday, December 13th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Ashtead Group in a research report on Friday, December 8th. Finally, Numis Securities reiterated a “buy” rating and issued a GBX 2,500 ($33.65) target price on shares of Ashtead Group in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. Ashtead Group currently has a consensus rating of “Buy” and an average price target of GBX 1,988.07 ($26.76).
Shares of Ashtead Group (LON AHT) opened at GBX 1,962 ($26.41) on Tuesday. Ashtead Group has a twelve month low of GBX 1,476 ($19.87) and a twelve month high of GBX 2,118 ($28.51).
In other news, insider Suzanne Wood sold 145,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of GBX 2,056 ($27.67), for a total transaction of £2,981,200 ($4,012,382.23).
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.
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