Ashtead Group’s (AHT) Buy Rating Reiterated at Liberum Capital
Liberum Capital reaffirmed their buy rating on shares of Ashtead Group (LON:AHT) in a research report released on Wednesday. Liberum Capital currently has a GBX 2,030 ($27.32) price target on the stock.
Several other brokerages also recently issued reports on AHT. J P Morgan Chase & Co reissued an overweight rating on shares of Ashtead Group in a report on Friday, December 8th. Berenberg Bank lifted their price target on shares of Ashtead Group from GBX 1,600 ($21.53) to GBX 1,700 ($22.88) and gave the company a hold rating in a report on Thursday, September 14th. Jefferies Group reissued a buy rating and set a GBX 2,000 ($26.92) price target on shares of Ashtead Group in a report on Monday, September 4th. Deutsche Bank reissued a hold rating and set a GBX 1,650 ($22.21) price target on shares of Ashtead Group in a report on Wednesday, September 13th. Finally, Citigroup reissued a buy rating and set a GBX 2,000 ($26.92) price target on shares of Ashtead Group in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of GBX 1,988.07 ($26.76).
Ashtead Group (LON:AHT) traded down GBX 28 ($0.38) during trading hours on Wednesday, hitting GBX 1,894 ($25.49). 2,820,902 shares of the stock were exchanged, compared to its average volume of 1,640,000. Ashtead Group has a one year low of GBX 1,476 ($19.87) and a one year high of GBX 2,118 ($28.51).
Ashtead Group (LON:AHT) last announced its quarterly earnings results on Tuesday, December 12th. The company reported GBX 70.20 ($0.94) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 69.10 ($0.93) by GBX 1.10 ($0.01). Ashtead Group had a net margin of 17.04% and a return on equity of 29.67%. The firm had revenue of GBX 189.91 billion during the quarter.
In other news, insider Suzanne Wood sold 145,000 shares of Ashtead Group stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of GBX 2,056 ($27.67), for a total transaction of £2,981,200 ($4,012,382.23).
About Ashtead Group
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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