Ashtead Group (LON:AHT) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Ashtead Group (LON:AHT) in a report issued on Monday, Marketbeat reports. Berenberg Bank currently has a GBX 7,000 ($91.41) price target on the stock.

A number of other research analysts have also recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,150 ($80.31) price objective on shares of Ashtead Group in a research note on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 6,500 ($84.88) price target on shares of Ashtead Group in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ashtead Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,537.86 ($72.31).

Ashtead Group Trading Down 0.6 %

LON:AHT opened at GBX 5,898 ($77.02) on Monday. Ashtead Group has a one year low of GBX 4,437 ($57.94) and a one year high of GBX 6,180 ($80.70). The company’s 50-day simple moving average is GBX 5,446.98 and its 200 day simple moving average is GBX 5,520.06. The firm has a market capitalization of £25.76 billion, a P/E ratio of 2,225.66, a PEG ratio of 1.32 and a beta of 1.22. The company has a debt-to-equity ratio of 145.75, a current ratio of 1.17 and a quick ratio of 1.13.

Ashtead Group Company Profile

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.