Ashtead Group plc (AHT) Given Average Recommendation of “Buy” by Analysts

Ashtead Group plc (LON:AHT) has earned a consensus recommendation of “Buy” from the fifteen research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,799.07 ($23.66).

A number of analysts have weighed in on AHT shares. Barclays PLC restated an “overweight” rating and set a GBX 1,867 ($24.56) price objective on shares of Ashtead Group plc in a research note on Wednesday, September 13th. Peel Hunt restated a “buy” rating and set a GBX 1,800 ($23.67) price objective on shares of Ashtead Group plc in a research note on Tuesday, September 12th. Liberum Capital restated a “buy” rating and set a GBX 2,030 ($26.70) price objective on shares of Ashtead Group plc in a research note on Thursday, October 19th. Jefferies Group LLC restated a “buy” rating and set a GBX 2,000 ($26.31) price objective on shares of Ashtead Group plc in a research note on Monday, September 4th. Finally, Numis Securities Ltd raised their price objective on shares of Ashtead Group plc from GBX 1,800 ($23.67) to GBX 2,000 ($26.31) and gave the company an “add” rating in a research note on Wednesday, September 13th.

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Shares of Ashtead Group plc (LON:AHT) opened at GBX 1,908 ($25.10) on Friday. Ashtead Group plc has a 12 month low of GBX 1,371 ($18.03) and a 12 month high of GBX 1,983 ($26.08).

Ashtead Group plc (LON:AHT) last released its quarterly earnings data on Tuesday, September 12th. The company reported GBX 31.50 ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 30.10 ($0.40) by GBX 1.40 ($0.02). The business had revenue of £828.80 million during the quarter. Ashtead Group plc had a net margin of 17.04% and a return on equity of 29.67%.

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.

Analyst Recommendations for Ashtead Group plc (LON:AHT)

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