Ashtead Group (LON:AHT) Price Target Raised to GBX 2,230
Ashtead Group (LON:AHT) had its price target upped by Deutsche Bank from GBX 2,050 ($26.79) to GBX 2,230 ($29.14) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports. The firm currently has a hold rating on the stock.
Other research analysts also recently issued research reports about the company. Liberum Capital reiterated a buy rating on shares of Ashtead Group in a research note on Tuesday, September 10th. Morgan Stanley downgraded Ashtead Group to an equal weight rating in a research note on Wednesday, July 10th. Numis Securities reiterated a buy rating and set a GBX 2,800 ($36.59) price target on shares of Ashtead Group in a research note on Thursday, June 13th. Royal Bank of Canada increased their price target on Ashtead Group from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the stock an outperform rating in a research note on Monday, June 24th. Finally, Barclays reissued an overweight rating and set a GBX 2,230 ($29.14) price objective on shares of Ashtead Group in a report on Wednesday, June 19th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of GBX 2,427.78 ($31.72).
AHT stock opened at GBX 2,336.33 ($30.53) on Wednesday. The company has a debt-to-equity ratio of 134.18, a quick ratio of 1.27 and a current ratio of 1.39. The company has a market capitalization of $10.78 billion and a price-to-earnings ratio of 14.13. Ashtead Group has a fifty-two week low of GBX 1,572.50 ($20.55) and a fifty-two week high of GBX 2,461 ($32.16). The stock has a fifty day moving average of GBX 2,210.16 and a 200-day moving average of GBX 2,093.49.
In other Ashtead Group news, insider Brendan Horgan sold 46,792 shares of the firm’s stock in a transaction dated Thursday, July 4th. The stock was sold at an average price of GBX 2,320 ($30.31), for a total value of £1,085,574.40 ($1,418,495.23). Also, insider Lindsley Ruth purchased 2,250 shares of the stock in a transaction on Monday, June 24th. The stock was acquired at an average cost of GBX 2,202 ($28.77) per share, for a total transaction of £49,545 ($64,739.32).
Ashtead Group Company Profile
Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.
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