Barclays Increases Ashtead Group (AHT) Price Target to GBX 2,540
Ashtead Group (LON:AHT) had its price objective upped by equities researchers at Barclays from GBX 2,263 ($30.69) to GBX 2,540 ($34.45) in a report issued on Tuesday. The brokerage presently has an “overweight” rating on the stock. Barclays’ price target indicates a potential upside of 22.47% from the stock’s previous close.
A number of other research firms also recently issued reports on AHT. Royal Bank of Canada raised their target price on Ashtead Group from GBX 2,400 ($32.55) to GBX 2,800 ($37.97) and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,450 ($33.22) target price on shares of Ashtead Group in a research report on Thursday, January 18th. Peel Hunt raised their target price on Ashtead Group from GBX 2,200 ($29.83) to GBX 2,300 ($31.19) and gave the stock a “buy” rating in a research report on Tuesday. Investec reissued a “buy” rating and issued a GBX 2,700 ($36.62) target price on shares of Ashtead Group in a research report on Thursday, January 11th. Finally, Deutsche Bank reissued a “hold” rating and issued a GBX 1,800 ($24.41) target price on shares of Ashtead Group in a research report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 2,130 ($28.89).
Shares of Ashtead Group (LON:AHT) opened at GBX 2,074 ($28.13) on Tuesday. Ashtead Group has a 52-week low of GBX 1,476 ($20.02) and a 52-week high of GBX 2,185 ($29.63). The stock has a market capitalization of $10,210.00 and a price-to-earnings ratio of 1,885.45.
In other news, insider Suzanne Wood sold 145,000 shares of Ashtead Group stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of GBX 2,056 ($27.88), for a total value of £2,981,200 ($4,042,853.27).
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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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