Ashtead Group (LON:AHT) Receives Buy Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Ashtead Group (LON:AHT) in a research note issued to investors on Wednesday morning, MarketBeat reports. They currently have a GBX 6,150 ($78.31) target price on the stock.

Other research analysts also recently issued reports about the company. Barclays reaffirmed an overweight rating and set a GBX 6,600 ($84.04) target price on shares of Ashtead Group in a report on Wednesday, May 15th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 6,800 ($86.59) target price on shares of Ashtead Group in a report on Friday, February 16th. Royal Bank of Canada cut their target price on Ashtead Group from GBX 5,300 ($67.49) to GBX 5,100 ($64.94) and set a sector perform rating on the stock in a report on Tuesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and set a GBX 6,800 ($86.59) target price on shares of Ashtead Group in a report on Tuesday, May 7th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Ashtead Group presently has an average rating of Moderate Buy and an average price target of GBX 4,970.63 ($63.30).

Ashtead Group Stock Down 1.3 %

Shares of AHT opened at GBX 5,422 ($69.04) on Wednesday. The company has a market capitalization of £23.66 billion, a PE ratio of 1,863.23, a PEG ratio of 1.26 and a beta of 1.29. Ashtead Group has a 12 month low of GBX 4,437 ($56.50) and a 12 month high of GBX 6,180 ($78.70). The stock’s 50-day moving average price is GBX 5,728.60 and its two-hundred day moving average price is GBX 5,418.84. The company has a current ratio of 1.36, a quick ratio of 1.13 and a debt-to-equity ratio of 162.35.

About Ashtead Group

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.