Ashtead Group plc (LON:AHT) had its price objective raised by Numis Securities Ltd from GBX 1,800 ($23.25) to GBX 2,000 ($25.83) in a research note released on Wednesday morning. They currently have an add rating on the stock.
Several other equities research analysts have also commented on AHT. Jefferies Group LLC restated a buy rating and issued a GBX 2,000 ($25.83) price objective on shares of Ashtead Group plc in a research report on Wednesday, May 31st. Liberum Capital restated a buy rating and issued a GBX 1,940 ($25.05) price objective on shares of Ashtead Group plc in a research report on Tuesday, June 6th. HSBC Holdings plc upgraded Ashtead Group plc to a buy rating and upped their price objective for the stock from GBX 1,650 ($21.31) to GBX 1,740 ($22.47) in a research report on Monday, June 12th. Peel Hunt restated a buy rating and issued a GBX 1,800 ($23.25) price objective on shares of Ashtead Group plc in a research report on Tuesday, June 13th. Finally, Barclays PLC upped their price objective on Ashtead Group plc from GBX 1,837 ($23.72) to GBX 1,867 ($24.11) and gave the stock an overweight rating in a research report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of GBX 1,783.62 ($23.04).
Ashtead Group plc (LON:AHT) opened at 1738.00 on Wednesday. The firm’s 50-day moving average is GBX 1,643.59 and its 200 day moving average is GBX 1,629.55. 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’s market cap is GBX 7.71 billion.
Ashtead Group plc (LON:AHT) last released its quarterly earnings data on Tuesday, September 12th. The company reported GBX 31.50 ($0.41) EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of £828.80 million for the quarter. On average, analysts anticipate that Ashtead Group plc will post $118.65 EPS for the current fiscal year.
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In other news, insider Geoffrey Drabble sold 111,314 shares of the stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of GBX 1,622 ($20.95), for a total transaction 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.
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