Ashtead Group plc (LON:AHT) Receives GBX 5,460 Consensus PT from Brokerages

Shares of Ashtead Group plc (LON:AHT) have received an average rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 5,460.

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued a “no recommendation” rating on shares of Ashtead Group in a research note on Thursday, November 6th. Peel Hunt restated a “hold” rating and issued a GBX 5,000 price objective on shares of Ashtead Group in a research report on Monday, December 15th. Finally, Royal Bank Of Canada reiterated an “underperform” rating and set a GBX 4,600 target price on shares of Ashtead Group in a report on Friday, November 7th.

Ashtead Group Trading Up 1.2%

LON AHT opened at GBX 5,552.17 on Friday. The stock has a 50-day moving average of GBX 4,978.60 and a 200-day moving average of GBX 5,076.55. The company has a current ratio of 1.31, a quick ratio of 1.13 and a debt-to-equity ratio of 146.30. Ashtead Group has a 1-year low of GBX 3,477 and a 1-year high of GBX 5,849.70. The firm has a market cap of £23.13 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22.

About Ashtead Group

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. The company offers its products and services for facilities maintenance and municipalities, such as office complexes, apartment complexes, government, hospitals, data centers, parks and recreation departments, schools and universities, shopping centers, pavement/kerb repairs, and golf course maintenance; construction of airports, highways and bridges, office buildings, data centers, schools and universities, shopping centers, residential, remodeling, manufacturing plants, and green energy plants; emergency response for fire, hurricanes, flooding, tornadoes, winter, storms, residential and health emergencies, alternative care facilities, points of distribution, and mobile testing facilities; and entertainment and special events, including national events, concerts, sporting events, film and telvision production, theme parks, festivals farmers' markets, local 5k runs, and cycle races.