Ashtead Group (LON:AHT) Given “Underperform” Rating at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their underperform rating on shares of Ashtead Group (LON:AHT) in a research report sent to investors on Friday morning, MarketBeat.com reports. The brokerage currently has a GBX 4,600 target price on the stock.

Several other brokerages also recently weighed in on AHT. UBS Group restated a “neutral” rating and set a GBX 5,000 price target on shares of Ashtead Group in a report on Friday, August 15th. Jefferies Financial Group cut shares of Ashtead Group to a “hold” rating and decreased their target price for the stock from GBX 5,900 to GBX 5,700 in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. reiterated a “no recommendation” rating on shares of Ashtead Group in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 5,920.

Ashtead Group Stock Down 2.2%

Shares of LON AHT traded down GBX 104 on Friday, reaching GBX 4,686. 162,732,766 shares of the company’s stock traded hands, compared to its average volume of 3,912,730. The company has a quick ratio of 1.13, a current ratio of 1.31 and a debt-to-equity ratio of 146.30. The company has a market cap of £19.68 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. The business’s 50 day simple moving average is GBX 5,205.45 and its two-hundred day simple moving average is GBX 4,833.56. Ashtead Group has a 12 month low of GBX 3,477 and a 12 month high of GBX 6,448.

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.