Ashtead Group plc (LON:AHT) Receives GBX 5,537.86 Average Target Price from Brokerages

Ashtead Group plc (LON:AHT) has earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 5,537.86 ($72.31).

Several equities analysts have recently weighed in on AHT shares. Berenberg Bank reissued a “buy” rating and set a GBX 7,000 ($91.41) price target on shares of Ashtead Group in a report on Monday. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,150 ($80.31) price target on shares of Ashtead Group in a research note on Tuesday, September 3rd. Finally, 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.

Ashtead Group Price Performance

LON AHT opened at GBX 5,861.40 ($76.54) on Friday. The business’s fifty day moving average price is GBX 5,446.98 and its 200-day moving average price is GBX 5,520.06. The stock has a market capitalization of £25.60 billion, a price-to-earnings 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 has a 1-year low of GBX 4,437 ($57.94) and a 1-year high of GBX 6,180 ($80.70).

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.