Ashtead Group plc (LON:AHT)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 2,398 ($31.33) and last traded at GBX 2,376 ($31.05), with a volume of 64287 shares. The stock had previously closed at GBX 2,391 ($31.24).
A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Ashtead Group from GBX 2,600 ($33.97) to GBX 2,450 ($32.01) and set an “overweight” rating on the stock in a report on Tuesday, October 22nd. Deutsche Bank reiterated a “hold” rating on shares of Ashtead Group in a report on Tuesday, October 29th. UBS Group increased their target price on shares of Ashtead Group from GBX 1,950 ($25.48) to GBX 2,250 ($29.40) and gave the stock a “neutral” rating in a report on Friday, September 20th. Morgan Stanley lowered shares of Ashtead Group to an “equal weight” rating in a report on Wednesday, July 10th. Finally, Peel Hunt reiterated a “buy” rating on shares of Ashtead Group in a report on Friday, September 20th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Ashtead Group presently has a consensus rating of “Buy” and a consensus price target of GBX 2,422.22 ($31.65).
The stock’s 50-day simple moving average is GBX 2,232.36 and its 200 day simple moving average is GBX 2,166.69. The company has a debt-to-equity ratio of 169.47, a quick ratio of 1.04 and a current ratio of 1.15. The company has a market capitalization of $10.82 billion and a PE ratio of 13.81.
About Ashtead Group (LON:AHT)
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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