Ashtead Group (AHT) Hits New 1-Year High at $2,261.00
Shares of Ashtead Group (LON:AHT) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 2,261 ($30.67) and last traded at GBX 2,252 ($30.55), with a volume of 1371128 shares changing hands. The stock had previously closed at GBX 2,252 ($30.55).
AHT has been the topic of several analyst reports. Deutsche Bank upped their target price on Ashtead Group from GBX 1,800 ($24.42) to GBX 1,930 ($26.18) and gave the company a “hold” rating in a report on Monday, February 12th. JPMorgan Chase restated an “overweight” rating and set a GBX 2,450 ($33.23) price target on shares of Ashtead Group in a report on Thursday, January 25th. Peel Hunt increased their price target on Ashtead Group from GBX 2,200 ($29.84) to GBX 2,300 ($31.20) and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Liberum Capital restated a “buy” rating and set a GBX 2,360 ($32.01) price target on shares of Ashtead Group in a report on Tuesday, March 6th. Finally, Barclays restated an “overweight” rating on shares of Ashtead Group in a report on Wednesday, March 7th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Ashtead Group has a consensus rating of “Buy” and a consensus target price of GBX 2,246.67 ($30.48).
Ashtead Group (LON:AHT) last issued its earnings results on Tuesday, March 6th. The company reported GBX 32.20 ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 29.60 ($0.40) by GBX 2.60 ($0.04). Ashtead Group had a return on equity of 95.06% and a net margin of 59.82%. The company had revenue of £916.10 million for the quarter.
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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