J P Morgan Chase & Co reiterated their overweight rating on shares of Ashtead Group (LON:AHT) in a research report released on Friday morning.

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.

ILLEGAL ACTIVITY NOTICE: “Ashtead Group’s (AHT) Overweight Rating Reaffirmed at J P Morgan Chase & Co” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.watchlistnews.com/ashtead-groups-aht-overweight-rating-reaffirmed-at-j-p-morgan-chase-co/1756201.html.

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.

Analyst Recommendations for Ashtead Group (LON:AHT)

Receive News & Ratings for Ashtead Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashtead Group plc and related companies with MarketBeat.com's FREE daily email newsletter.