Ashtead Group’s (AHT) Overweight Rating Reaffirmed at J P Morgan Chase & Co
A number of other analysts have also recently issued reports on the company. Citigroup reaffirmed a buy rating and issued a GBX 2,000 ($26.92) price objective on shares of Ashtead Group in a research report on Monday, October 30th. Barclays reissued an overweight rating and set a GBX 1,867 ($25.13) price target on shares of Ashtead Group in a report on Wednesday, September 13th. Liberum Capital reissued a buy rating and set a GBX 2,030 ($27.32) price target on shares of Ashtead Group in a report on Thursday, October 19th. Peel Hunt reissued a buy rating and set a GBX 1,800 ($24.23) price target on shares of Ashtead Group in a report on Tuesday, September 12th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 1,895.50 ($25.51).
Ashtead Group (LON AHT) traded up GBX 35.58 ($0.48) on Friday, hitting GBX 2,013.58 ($27.10). The stock had a trading volume of 2,140,000 shares, compared to its average volume of 1,470,000. Ashtead Group has a 52 week low of GBX 1,476 ($19.87) and a 52 week high of GBX 2,024 ($27.24).
Ashtead Group (LON:AHT) last released its quarterly earnings data on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 30.10 ($0.41) by GBX 1.40 ($0.02). Ashtead Group had a return on equity of 29.67% and a net margin of 17.04%. The company had revenue of £828.80 million during the quarter.
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Ashtead Group Company Profile
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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