J P Morgan Chase & Co restated their overweight rating on shares of Ashtead Group plc (LON:AHT) in a research note released on Friday. The firm currently has a GBX 1,800 ($23.92) target price on the stock.

Several other brokerages also recently commented on AHT. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 2,000 ($26.57) price target on shares of Ashtead Group plc in a research report on Thursday. Liberum Capital reissued a buy rating and set a GBX 2,030 ($26.97) price objective on shares of Ashtead Group plc in a report on Thursday. Barclays PLC reissued an overweight rating and set a GBX 1,867 ($24.81) price objective on shares of Ashtead Group plc in a report on Monday, September 25th. Credit Suisse Group lifted their price objective on Ashtead Group plc from GBX 1,500 ($19.93) to GBX 1,650 ($21.92) and gave the stock a neutral rating in a report on Thursday, September 14th. Finally, Berenberg Bank lifted their price objective on Ashtead Group plc from GBX 1,600 ($21.26) to GBX 1,700 ($22.59) and gave the stock a hold rating in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 1,783.62 ($23.70).

Ashtead Group plc (AHT) traded down 0.32% during trading on Friday, reaching GBX 1879.00. The company’s stock had a trading volume of 1,185,686 shares. Ashtead Group plc has a 52-week low of GBX 1,202.00 and a 52-week high of GBX 1,921.00. The stock’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 issued its quarterly earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 30.10 ($0.40) by GBX 1.40 ($0.02). The company had revenue of £828.80 million for the quarter. Ashtead Group plc had a return on equity of 29.67% and a net margin of 17.04%. On average, analysts predict 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.

Analyst Recommendations for Ashtead Group plc (LON:AHT)

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