Ashtead Group plc (AHT) Earns Overweight Rating from Barclays PLC

Barclays PLC reissued their overweight rating on shares of Ashtead Group plc (LON:AHT) in a research note published on Wednesday. Barclays PLC currently has a GBX 1,867 ($24.11) price target on the stock.

Other equities research analysts have also issued research reports about the stock. Numis Securities Ltd restated an add rating and issued a GBX 1,750 ($22.60) target price on shares of Ashtead Group plc in a report on Wednesday, June 14th. Beaufort Securities restated a buy rating on shares of Ashtead Group plc in a report on Wednesday, June 14th. Peel Hunt restated a buy rating and issued a GBX 1,800 ($23.25) target price on shares of Ashtead Group plc in a report on Tuesday, June 13th. Liberum Capital restated a buy rating and issued a GBX 1,940 ($25.05) target price on shares of Ashtead Group plc in a report on Tuesday, June 13th. Finally, HSBC Holdings plc upgraded shares of Ashtead Group plc to a buy rating and upped their target price for the stock from GBX 1,650 ($21.31) to GBX 1,740 ($22.47) in a report on Monday, June 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Ashtead Group plc presently has an average rating of Buy and a consensus target price of GBX 1,783.62 ($23.04).

Ashtead Group plc (LON:AHT) opened at 1738.00 on Wednesday. The company’s market cap is GBX 7.71 billion. Ashtead Group plc has a one year low of GBX 1,182.00 and a one year high of GBX 1,828.72. The stock has a 50 day moving average price of GBX 1,643.59 and a 200 day moving average price of GBX 1,629.55.

Ashtead Group plc (LON:AHT) last posted its earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.41) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 30.10 ($0.39) by GBX 1.40 ($0.02). Ashtead Group plc had a net margin of 14.47% and a return on equity of 24.78%. The company had revenue of £828.80 million for the quarter. On average, equities analysts anticipate that Ashtead Group plc will post $118.65 EPS for the current fiscal year.

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In other Ashtead Group plc news, insider Geoffrey Drabble sold 111,314 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of GBX 1,622 ($20.95), for a total value of £1,805,513.08 ($2,331,800.44).

Ashtead Group plc Company Profile

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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