Ashtead Group (LON:AHT) had its price target increased by JPMorgan Chase & Co. from GBX 2,400 ($32.55) to GBX 2,450 ($33.22) in a research note issued to investors on Monday morning. They currently have an overweight rating on the stock.

A number of other equities analysts also recently weighed in on AHT. Credit Suisse Group raised shares of Ashtead Group to an outperform rating and upped their price target for the stock from GBX 1,650 ($22.38) to GBX 2,240 ($30.38) in a research note on Wednesday, January 3rd. Peel Hunt reaffirmed a buy rating and issued a GBX 2,200 ($29.83) price target on shares of Ashtead Group in a research note on Thursday, January 4th. Liberum Capital reaffirmed a buy rating and issued a GBX 2,030 ($27.53) price target on shares of Ashtead Group in a research note on Friday, September 29th. Berenberg Bank upped their price target on shares of Ashtead Group from GBX 1,600 ($21.70) to GBX 1,700 ($23.05) and gave the stock a hold rating in a research note on Thursday, September 14th. Finally, Numis Securities reaffirmed a buy rating and issued a GBX 2,500 ($33.90) price target on shares of Ashtead Group in a research note on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 2,078.20 ($28.18).

Ashtead Group (AHT) opened at GBX 2,084 ($28.26) on Monday. Ashtead Group has a one year low of GBX 1,476 ($20.02) and a one year high of GBX 2,118 ($28.72). The firm has a market cap of $10,340.00 and a price-to-earnings ratio of 1,894.55.

Ashtead Group (LON:AHT) last posted its quarterly earnings results on Tuesday, December 12th. The company reported GBX 70.20 ($0.95) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 69.10 ($0.94) by GBX 1.10 ($0.01). Ashtead Group had a net margin of 16.77% and a return on equity of 32.51%. The business had revenue of GBX 189.91 billion for the quarter.

The firm also recently disclosed a dividend, which will be paid on Wednesday, February 7th. Investors of record on Thursday, January 18th will be issued a GBX 5.50 ($0.07) dividend. This represents a yield of 0.29%. The ex-dividend date is Thursday, January 18th.

In related news, insider Suzanne Wood sold 145,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were 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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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.

Analyst Recommendations for Ashtead Group (LON:AHT)

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