Ashtead Group plc (LON:AHT) Receives Average Recommendation of “Buy” from Brokerages

Ashtead Group plc (LON:AHT) has received a consensus recommendation of “Buy” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 2,446.67 ($31.97).

A number of equities analysts have recently commented on AHT shares. JPMorgan Chase & Co. decreased their price target 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. Berenberg Bank increased their price target on shares of Ashtead Group from GBX 1,700 ($22.21) to GBX 2,150 ($28.09) and gave the stock a “hold” rating in a report on Friday, October 4th. Liberum Capital reissued a “buy” rating on shares of Ashtead Group in a report on Tuesday, September 10th. UBS Group increased their price target 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. Finally, Peel Hunt reissued a “buy” rating on shares of Ashtead Group in a report on Friday, September 20th.

Shares of LON:AHT opened at GBX 2,377 ($31.06) on Thursday. The company’s fifty day moving average price is GBX 2,232.36 and its 200-day moving average price is GBX 2,166.69. The firm has a market capitalization of $10.82 billion and a price-to-earnings ratio of 13.88. Ashtead Group has a one year low of GBX 1,572.50 ($20.55) and a one year high of GBX 2,444 ($31.94). The company has a debt-to-equity ratio of 169.47, a current ratio of 1.15 and a quick ratio of 1.04.

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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Analyst Recommendations for Ashtead Group (LON:AHT)

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