Ashtead Group (LON:AHT) Price Target Raised to GBX 2,250

Ashtead Group (LON:AHT) had its target price raised by research analysts at UBS Group from GBX 1,950 ($25.48) to GBX 2,250 ($29.40) in a research note issued on Friday, September 20th, ThisIsMoney.Co.Uk reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential downside of 0.97% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada raised their price objective on Ashtead Group from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the stock an “outperform” rating in a research report on Monday, June 24th. JPMorgan Chase & Co. raised their price objective on Ashtead Group from GBX 2,300 ($30.05) to GBX 2,600 ($33.97) and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Deutsche Bank raised their price objective on Ashtead Group from GBX 2,050 ($26.79) to GBX 2,230 ($29.14) and gave the stock a “hold” rating in a research report on Wednesday, September 11th. Liberum Capital reissued a “buy” rating on shares of Ashtead Group in a research report on Tuesday, September 10th. Finally, Morgan Stanley cut Ashtead Group to an “equal weight” rating in a research report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 2,477.78 ($32.38).

Shares of LON AHT opened at GBX 2,272 ($29.69) on Friday. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 169.47. The stock has a market capitalization of $10.45 billion and a PE ratio of 13.26. Ashtead Group has a 12-month low of GBX 1,572.50 ($20.55) and a 12-month high of GBX 2,461 ($32.16). The stock’s fifty day simple moving average is GBX 2,220.47 and its two-hundred day simple moving average is GBX 2,110.98.

In other Ashtead Group news, insider Brendan Horgan sold 46,792 shares of Ashtead Group stock in a transaction dated Thursday, July 4th. The stock was sold at an average price of GBX 2,320 ($30.31), for a total transaction of £1,085,574.40 ($1,418,495.23).

About Ashtead Group

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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