Ashtead Group plc (LON:AHT) had its price target lifted by Liberum Capital from GBX 1,940 ($25.05) to GBX 2,030 ($26.22) in a research note released on Thursday. Liberum Capital currently has a buy rating on the stock.
Other research analysts also recently issued research reports about the company. Numis Securities Ltd reaffirmed an add rating and set a GBX 1,750 ($22.60) price objective on shares of Ashtead Group plc in a report on Wednesday, June 14th. Peel Hunt reaffirmed a buy rating and set a GBX 1,800 ($23.25) price objective on shares of Ashtead Group plc in a report on Tuesday, June 13th. HSBC Holdings plc raised Ashtead Group plc to a buy rating and upped their price objective for the stock from GBX 1,650 ($21.31) to GBX 1,740 ($22.47) in a report on Monday, June 12th. Jefferies Group LLC reaffirmed a buy rating and set a GBX 2,000 ($25.83) price objective on shares of Ashtead Group plc in a report on Wednesday, May 31st. Finally, Beaufort Securities reaffirmed a buy rating on shares of Ashtead Group plc in a report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of GBX 1,783.62 ($23.04).
Ashtead Group plc (LON AHT) opened at 1738.00 on Thursday. Ashtead Group plc has a 12 month low of GBX 1,182.00 and a 12 month high of GBX 1,828.72. The stock’s 50 day moving average price is GBX 1,643.59 and its 200 day moving average price is GBX 1,629.55. The firm’s market capitalization is GBX 7.71 billion.
Ashtead Group plc (LON:AHT) last posted its quarterly earnings data on Tuesday, September 12th. The company reported GBX 31.50 ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 30.10 ($0.39) by GBX 1.40 ($0.02). Ashtead Group plc had a return on equity of 24.78% and a net margin of 14.47%. The firm had revenue of £828.80 million for the quarter. Equities research analysts expect that Ashtead Group plc will post $118.65 earnings per share for the current fiscal year.
In other Ashtead Group plc news, insider Geoffrey Drabble sold 111,314 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of GBX 1,622 ($20.95), for a total transaction of £1,805,513.08 ($2,331,800.44).
About Ashtead Group plc
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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