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).
TRADEMARK VIOLATION NOTICE: This article was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/12/06/ashtead-group-aht-pt-raised-to-gbx-1800.html.
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.
Receive News & Ratings for Ashtead Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashtead Group plc and related companies with MarketBeat.com's FREE daily email newsletter.