Ashtead Group plc (LON:AHT) Receives GBX 5,537.86 Average PT from Analysts

Shares of Ashtead Group plc (LON:AHT) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 5,537.86 ($71.26).

A number of equities research analysts have recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 7,000 ($90.08) price target on shares of Ashtead Group in a research report on Monday, October 14th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,150 ($79.14) price objective on shares of Ashtead Group in a report on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 6,500 ($83.64) target price on shares of Ashtead Group in a report on Wednesday, September 4th.

Ashtead Group Price Performance

Shares of Ashtead Group stock opened at GBX 6,226 ($80.12) on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 145.75. The stock has a market capitalization of £27.19 billion, a price-to-earnings ratio of 2,371.32, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. Ashtead Group has a twelve month low of GBX 4,437 ($57.10) and a twelve month high of GBX 6,446 ($82.95). The company has a 50-day simple moving average of GBX 5,689.34 and a two-hundred day simple moving average of GBX 5,551.33.

Insider Transactions at Ashtead Group

In other news, insider Lucinda Riches sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of GBX 5,880 ($75.67), for a total value of £58,800 ($75,665.94). 0.64% of the stock is owned by insiders.

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.