Ashtead Group (LON:AHT) had its price objective lifted by Peel Hunt from GBX 1,800 ($24.23) to GBX 2,200 ($29.61) in a report published on Thursday. The brokerage currently has a buy rating on the stock.

AHT has been the topic of a number of other research reports. Liberum Capital reissued a buy rating and set a GBX 2,030 ($27.32) price target on shares of Ashtead Group in a research report on Thursday, December 7th. J P Morgan Chase & Co raised their target price on Ashtead Group from GBX 1,800 ($24.23) to GBX 2,400 ($32.30) and gave the company an overweight rating in a report on Tuesday, November 28th. Jefferies Group reaffirmed a buy rating and issued a GBX 2,000 ($26.92) target price on shares of Ashtead Group in a report on Thursday, October 19th. Numis Securities reaffirmed a buy rating and issued a GBX 2,500 ($33.65) target price on shares of Ashtead Group in a report on Wednesday. Finally, Citigroup downgraded Ashtead Group to a neutral rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of GBX 1,988.07 ($26.76).

Shares of Ashtead Group (AHT) traded down GBX 28 ($0.38) during trading hours on Thursday, reaching GBX 1,894 ($25.49). The company had a trading volume of 2,779,311 shares, compared to its average volume of 1,550,000. Ashtead Group has a 1-year low of GBX 1,476 ($19.87) and a 1-year high of GBX 2,038.84 ($27.44).

Ashtead Group (LON:AHT) last issued its quarterly earnings results on Tuesday, December 12th. The company reported GBX 70.20 ($0.94) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 69.10 ($0.93) by GBX 1.10 ($0.01). The business had revenue of GBX 189.91 billion for the quarter. Ashtead Group had a return on equity of 29.67% and a net margin of 17.04%.

In related news, insider Suzanne Wood sold 145,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of GBX 2,056 ($27.67), for a total transaction of £2,981,200 ($4,012,382.23).

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Ashtead Group 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.

Analyst Recommendations for Ashtead Group (LON:AHT)

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