Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating reissued by equities researchers at Liberum Capital in a research report issued on Thursday. They presently have a GBX 2,030 ($26.97) target price on the stock. Liberum Capital’s price target indicates a potential upside of 8.32% from the company’s current price.

Several other equities research analysts also recently issued reports on AHT. Jefferies Group LLC restated a “buy” rating and issued a GBX 2,000 ($26.57) price target on shares of Ashtead Group plc in a report on Thursday. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,800 ($23.92) price objective on shares of Ashtead Group plc in a research report on Thursday, August 17th. Berenberg Bank upped their price objective on Ashtead Group plc from GBX 1,600 ($21.26) to GBX 1,700 ($22.59) and gave the stock a “hold” rating in a research report on Thursday, September 14th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 1,800 ($23.92) price objective on shares of Ashtead Group plc in a research report on Wednesday, September 13th. Finally, Credit Suisse Group upped their price objective on Ashtead Group plc from GBX 1,500 ($19.93) to GBX 1,650 ($21.92) and gave the stock a “neutral” rating in a research report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 1,783.62 ($23.70).

Shares of Ashtead Group plc (LON:AHT) opened at 1888.00 on Thursday. Ashtead Group plc has a 12 month low of GBX 1,202.00 and a 12 month high of GBX 1,892.00. The firm’s market capitalization is GBX 9.39 billion. The firm’s 50-day moving average price is GBX 1,772.24 and its 200-day moving average price is GBX 1,652.13.

Ashtead Group plc (LON:AHT) last announced its quarterly earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 30.10 ($0.40) by GBX 1.40 ($0.02). Ashtead Group plc 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. On average, equities analysts anticipate that Ashtead Group plc will post $118.90 earnings per share for the current year.

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About Ashtead Group plc

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 plc (LON:AHT)

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