Liberum Capital Reiterates Buy Rating for Ashtead Group plc (AHT)
Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating restated by investment analysts at Liberum Capital in a report released on Friday. They presently have a GBX 2,030 ($27.30) price objective on the stock. Liberum Capital’s target price points to a potential upside of 12.84% from the stock’s current price.
Several other equities research analysts also recently commented on the stock. Barclays PLC reiterated an “overweight” rating and set a GBX 1,867 ($25.11) target price on shares of Ashtead Group plc in a research report on Monday, September 25th. Credit Suisse Group lifted their target price on shares of Ashtead Group plc from GBX 1,500 ($20.17) to GBX 1,650 ($22.19) and gave the stock a “neutral” rating in a research report on Thursday, September 14th. Berenberg Bank lifted their target price on shares of Ashtead Group plc from GBX 1,600 ($21.52) to GBX 1,700 ($22.86) and gave the stock a “hold” rating in a research report on Thursday, September 14th. Numis Securities Ltd lifted their target price on shares of Ashtead Group plc from GBX 1,800 ($24.21) to GBX 2,000 ($26.90) and gave the stock an “add” rating in a research report on Wednesday, September 13th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a GBX 1,650 ($22.19) target price on shares of Ashtead Group plc in a research report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 1,783.62 ($23.99).
Shares of Ashtead Group plc (LON:AHT) opened at 1799.00 on Friday. The company’s 50 day moving average is GBX 1,650.70 and its 200-day moving average is GBX 1,629.78. The company’s market capitalization is GBX 8.95 billion. Ashtead Group plc has a 1-year low of GBX 1,199.88 and a 1-year high of GBX 1,828.00.
Ashtead Group plc (LON:AHT) last posted its earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) 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 net margin of 14.47% and a return on equity of 24.78%. The business had revenue of £828.80 million for the quarter. On average, equities research analysts forecast that Ashtead Group plc will post $118.88 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: “Liberum Capital Reiterates Buy Rating for Ashtead Group plc (AHT)” was originally published 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 illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.watchlistnews.com/liberum-capital-reiterates-buy-rating-for-ashtead-group-plc-aht/1599908.html.
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.
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 Analyst Ratings Network's FREE daily email newsletter.