Ashtead Group (LON:AHT) Rating Reiterated by Deutsche Bank

Ashtead Group (LON:AHT)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank in a report released on Wednesday, June 19th, ThisIsMoney.Co.Uk reports.

Several other equities analysts also recently commented on the company. Liberum Capital increased their price target on Sylvania Platinum from GBX 35 ($0.46) to GBX 68 ($0.89) and gave the company a “buy” rating in a report on Thursday, April 18th. Jefferies Financial Group reiterated a “hold” rating on shares of COMPASS GRP PLC/S in a report on Tuesday, April 9th. Numis Securities reiterated a “buy” rating and set a GBX 2,800 ($36.59) price target on shares of in a report on Thursday, June 13th. Finally, Peel Hunt reiterated a “buy” rating on shares of GB Group in a report on Monday, June 17th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 2,388.18 ($31.21).

AHT stock traded up GBX 17 ($0.22) during midday trading on Wednesday, hitting GBX 2,258 ($29.50). 1,319,747 shares of the company traded hands, compared to its average volume of 2,210,000. Ashtead Group has a twelve month low of GBX 1,572.50 ($20.55) and a twelve month high of GBX 2,461 ($32.16). The company has a quick ratio of 1.27, a current ratio of 1.39 and a debt-to-equity ratio of 134.18. The firm’s 50 day simple moving average is GBX 2,085.60. The company has a market cap of $10.51 billion and a PE ratio of 13.65.

In related news, insider Brendan Horgan sold 46,792 shares of the firm’s stock in a transaction on Thursday, July 4th. The stock was sold at an average price of GBX 2,320 ($30.31), for a total value of £1,085,574.40 ($1,418,495.23). Also, insider Lindsley Ruth bought 2,250 shares of Ashtead Group stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average cost of GBX 2,202 ($28.77) per share, with a total value of £49,545 ($64,739.32).

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

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Analyst Recommendations for Ashtead Group (LON:AHT)

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