Ashtead Group plc’s (AHT) Hold Rating Reaffirmed at Deutsche Bank AG

Deutsche Bank AG reiterated their hold rating on shares of Ashtead Group plc (LON:AHT) in a report published on Wednesday, September 13th, Marketbeat Ratings reports. Deutsche Bank AG currently has a GBX 1,650 ($22.19) target price on the stock.

AHT has been the topic of several other research reports. Peel Hunt reiterated a buy rating and set a GBX 1,800 ($24.21) price target on shares of Ashtead Group plc in a report on Thursday, August 17th. Liberum Capital reissued a buy rating and set a GBX 1,940 ($26.09) target price on shares of Ashtead Group plc in a research report on Tuesday, June 13th. J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 1,800 ($24.21) price objective on shares of Ashtead Group plc in a research note on Wednesday, June 14th. Numis Securities Ltd reaffirmed an add rating and issued a GBX 1,750 ($23.53) price target on shares of Ashtead Group plc in a research report on Wednesday, June 14th. Finally, Barclays PLC boosted their target price on shares of Ashtead Group plc from GBX 1,837 ($24.70) to GBX 1,867 ($25.11) and gave the stock an overweight rating in a research report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of GBX 1,783.62 ($23.99).

Shares of Ashtead Group plc (LON AHT) traded down 0.22% on Wednesday, hitting GBX 1799.00. The stock had a trading volume of 1,124,710 shares. The stock has a 50 day moving average price of GBX 1,650.70 and a 200-day moving average price of GBX 1,629.78. The company’s market cap is GBX 8.95 billion. Ashtead Group plc has a 12-month low of GBX 1,202.00 and a 12-month 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) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 30.10 ($0.40) by GBX 1.40 ($0.02). The firm had revenue of £828.80 million during the quarter. Ashtead Group plc had a net margin of 14.47% and a return on equity of 24.78%. On average, equities analysts expect that Ashtead Group plc will post $118.88 earnings per share for the current year.

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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.

Analyst Recommendations for Ashtead Group plc (LON:AHT)

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