Ashtead Group (AHT) PT Raised to GBX 1,800

Ashtead Group (LON:AHT) had its price target lifted by investment analysts at Deutsche Bank from GBX 1,650 ($22.21) to GBX 1,800 ($24.23) in a report released on Wednesday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price objective suggests a potential downside of 7.69% from the stock’s current price.

A number of other equities analysts have also issued reports on AHT. Royal Bank Of Canada upped their target price on shares of Ashtead Group from GBX 2,100 ($28.26) to GBX 2,400 ($32.30) and gave the stock an “outperform” rating in a research report on Tuesday. Peel Hunt reiterated a “buy” rating and set a GBX 1,800 ($24.23) target price on shares of Ashtead Group in a research report on Thursday, August 17th. Jefferies Group upped their target price on shares of Ashtead Group from GBX 2,000 ($26.92) to GBX 2,200 ($29.61) and gave the stock a “buy” rating in a research report on Friday, December 1st. Liberum Capital reiterated a “buy” rating and set a GBX 2,030 ($27.32) target price on shares of Ashtead Group in a research report on Friday, September 29th. Finally, J P Morgan Chase & Co upped their target price on shares of Ashtead Group from GBX 1,800 ($24.23) to GBX 2,400 ($32.30) and gave the stock an “overweight” rating in a research report on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. Ashtead Group currently has an average rating of “Buy” and an average target price of GBX 1,895.50 ($25.51).

Ashtead Group (AHT) opened at GBX 1,950 ($26.24) on Wednesday. Ashtead Group has a 12-month low of GBX 1,476 ($19.87) and a 12-month high of GBX 1,983 ($26.69).

Ashtead Group (LON:AHT) last announced its earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 30.10 ($0.41) by GBX 1.40 ($0.02). Ashtead Group had a net margin of 17.04% and a return on equity of 29.67%. The company had revenue of £828.80 million for the quarter.

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About Ashtead Group

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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