Ashtead Group (LON:AHT) Price Target Raised to GBX 2,678

Ashtead Group (LON:AHT) had its price objective raised by Liberum Capital from GBX 2,390 ($31.44) to GBX 2,678 ($35.23) in a research report report published on Friday morning, Stock Target Advisor reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Deutsche Bank reissued a hold rating on shares of Ashtead Group in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 2,450 ($32.23) price objective on shares of Ashtead Group in a report on Tuesday, November 12th. Barclays reaffirmed an overweight rating on shares of Ashtead Group in a report on Wednesday, November 27th. Peel Hunt reiterated a buy rating on shares of Ashtead Group in a research report on Friday, September 20th. Finally, Berenberg Bank boosted their target price on Ashtead Group from GBX 1,700 ($22.36) to GBX 2,150 ($28.28) and gave the company a hold rating in a report on Friday, October 4th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of GBX 2,443.80 ($32.15).

LON AHT opened at GBX 2,190 ($28.81) on Friday. The company has a debt-to-equity ratio of 169.47, a current ratio of 1.15 and a quick ratio of 1.04. The firm’s fifty day moving average price is GBX 2,337.62 and its 200 day moving average price is GBX 2,208.73. The company has a market capitalization of $9.96 billion and a price-to-earnings ratio of 12.78. Ashtead Group has a 12 month low of GBX 1,572.50 ($20.69) and a 12 month high of GBX 2,468 ($32.47).

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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