Ashtead Group (AHT) PT Raised to GBX 1,900 at Berenberg Bank
Ashtead Group (LON:AHT) had its price objective boosted by Berenberg Bank from GBX 1,700 ($23.49) to GBX 1,900 ($26.25) in a research note issued on Tuesday. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target indicates a potential downside of 5.24% from the stock’s current price.
AHT has been the subject of several other reports. Peel Hunt restated a “buy” rating and set a GBX 2,200 ($30.40) target price on shares of Ashtead Group in a research report on Thursday, January 4th. Liberum Capital restated a “buy” rating and set a GBX 2,030 ($28.05) target price on shares of Ashtead Group in a research report on Thursday, December 7th. JPMorgan Chase & Co. boosted their target price on Ashtead Group from GBX 1,800 ($24.87) to GBX 2,400 ($33.16) and gave the stock an “overweight” rating in a research report on Tuesday, November 28th. Deutsche Bank boosted their price objective on Ashtead Group from GBX 1,800 ($24.87) to GBX 1,930 ($26.66) and gave the company a “hold” rating in a research report on Monday. Finally, Jefferies Group reiterated a “buy” rating and issued a GBX 2,000 ($27.63) price objective on shares of Ashtead Group in a research report on Thursday, October 19th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 2,229.29 ($30.80).
Ashtead Group (LON AHT) traded up GBX 10.50 ($0.15) during trading on Tuesday, hitting GBX 2,005 ($27.70). The stock had a trading volume of 1,312,048 shares, compared to its average volume of 1,960,000. The firm has a market cap of $9,940.00 and a price-to-earnings ratio of 1,822.73. Ashtead Group has a 52 week low of GBX 1,476 ($20.39) and a 52 week high of GBX 2,185 ($30.19).
In other Ashtead Group news, insider Suzanne Wood sold 145,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of GBX 2,056 ($28.41), for a total value of £2,981,200 ($4,118,817.35).
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Ashtead Group 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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