Ashtead Group plc (AHT) Receives GBX 1,783.62 Consensus PT from Analysts
Ashtead Group plc (LON:AHT) has been given an average recommendation of “Buy” by the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 1,783.62 ($23.70).
AHT has been the topic of a number of research reports. Royal Bank Of Canada boosted their price objective on shares of Ashtead Group plc from GBX 1,920 ($25.51) to GBX 2,000 ($26.57) and gave the stock an “outperform” rating in a research report on Friday, June 23rd. BNP Paribas reissued a “neutral” rating and issued a GBX 1,550 ($20.60) price objective on shares of Ashtead Group plc in a research report on Wednesday, July 12th. Peel Hunt reissued a “buy” rating and issued a GBX 1,800 ($23.92) price objective on shares of Ashtead Group plc in a research report on Thursday, August 17th. Jefferies Group LLC restated a “buy” rating and set a GBX 2,000 ($26.57) target price on shares of Ashtead Group plc in a report on Monday, September 4th. Finally, Liberum Capital restated a “buy” rating and set a GBX 1,940 ($25.78) target price on shares of Ashtead Group plc in a report on Friday, September 8th.
Shares of Ashtead Group plc (AHT) traded down 0.32% on Wednesday, hitting GBX 1879.00. 1,185,686 shares of the stock traded hands. Ashtead Group plc has a 52 week low of GBX 1,202.00 and a 52 week high of GBX 1,921.00. The firm’s 50 day moving average is GBX 1,785.68 and its 200 day moving average is GBX 1,655.32. The firm’s market capitalization is GBX 9.35 billion.
Ashtead Group plc (LON:AHT) last announced its quarterly earnings data on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 30.10 ($0.40) by GBX 1.40 ($0.02). The business had revenue of £828.80 million for the quarter. Ashtead Group plc had a net margin of 17.04% and a return on equity of 29.67%. On average, analysts expect that Ashtead Group plc will post $118.98 EPS for the current fiscal year.
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About Ashtead Group plc
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.
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