Zacks Investment Research upgraded shares of Ashtead Group (NASDAQ:ASHTY) from a hold rating to a buy rating in a research note released on Monday. The firm currently has $93.00 price target on the stock.

According to Zacks, “Ashtead Group Plc is an equipment company which provides rental solutions primarily in United States and United Kingdom. The company’s operating segments consists of Sunbelt Rentals and A-Plant. Sunbelt Rentals provides pump and power, climate control and scaffolding services. A-Plant business operates through Eve Trakway Limited, which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services and FLG services. Ashtead Group Plc is headquartered in London, the United Kingdom. “

Shares of Ashtead Group (NASDAQ ASHTY) opened at 85.72 on Monday. The stock has a market cap of $9.50 billion and a price-to-earnings ratio of 16.66. Ashtead Group has a 12-month low of $60.39 and a 12-month high of $90.25. The company’s 50-day moving average price is $85.11 and its 200 day moving average price is $83.87.

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