Ashtead Group plc (LON:AHT) had its price target lifted by Credit Suisse Group from GBX 1,500 ($19.37) to GBX 1,650 ($21.31) in a research report sent to investors on Thursday. They currently have a neutral rating on the stock.
Other analysts also recently issued reports about the company. Peel Hunt reiterated a buy rating and set a GBX 1,800 ($23.25) target price on shares of Ashtead Group plc in a research note on Tuesday, June 13th. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 1,800 ($23.25) target price on shares of Ashtead Group plc in a research note on Wednesday, June 14th. Barclays PLC reiterated an overweight rating and set a GBX 1,867 ($24.11) target price on shares of Ashtead Group plc in a research note on Wednesday. Numis Securities Ltd increased their target price on Ashtead Group plc from GBX 1,800 ($23.25) to GBX 2,000 ($25.83) and gave the company an add rating in a research note on Wednesday. Finally, Liberum Capital increased their target price on Ashtead Group plc from GBX 1,940 ($25.05) to GBX 2,030 ($26.22) and gave the company a buy rating in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 1,783.62 ($23.04).
Shares of Ashtead Group plc (LON:AHT) traded down 1.31% on Thursday, hitting GBX 1738.00. The company had a trading volume of 1,858,765 shares. The stock’s market capitalization is GBX 7.71 billion. The firm’s 50 day moving average price is GBX 1,643.59 and its 200-day moving average price is GBX 1,629.55. Ashtead Group plc has a 52 week low of GBX 1,182.00 and a 52 week high of GBX 1,828.72.
Ashtead Group plc (LON:AHT) last posted its quarterly earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.41) earnings per share 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 company had revenue of £828.80 million for the quarter. Analysts forecast that Ashtead Group plc will post $118.65 earnings per share for the current fiscal year.
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In related news, insider Geoffrey Drabble sold 111,314 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of GBX 1,622 ($20.95), for a total value 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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