Ashtead Group plc (LON:AHT) had its price target hoisted by equities researchers at Numis Securities Ltd from GBX 1,800 ($24.21) to GBX 2,000 ($26.90) in a research note issued on Wednesday, September 13th. The brokerage currently has an “add” rating on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 11.17% from the company’s previous close.
AHT has been the subject of a number of other reports. Royal Bank Of Canada upped their price target on shares of Ashtead Group plc from GBX 1,920 ($25.82) to GBX 2,000 ($26.90) and gave the company an “outperform” rating in a report on Friday, June 23rd. Jefferies Group LLC reiterated a “buy” rating and set a GBX 2,000 ($26.90) target price on shares of Ashtead Group plc in a research note on Wednesday, May 31st. Barclays PLC restated an “overweight” rating and set a GBX 1,867 ($25.11) price objective on shares of Ashtead Group plc in a report on Wednesday, September 13th. HSBC Holdings plc raised Ashtead Group plc to a “buy” rating and lifted their target price for the stock from GBX 1,650 ($22.19) to GBX 1,740 ($23.40) in a research report on Monday, June 12th. Finally, BNP Paribas reiterated a “neutral” rating and issued a GBX 1,550 ($20.84) price objective on shares of Ashtead Group plc in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,783.62 ($23.99).
Ashtead Group plc (AHT) traded down 0.22% during midday trading on Wednesday, hitting GBX 1799.00. The company had a trading volume of 1,124,710 shares. The firm has a 50-day moving average price of GBX 1,650.70 and a 200-day moving average price of GBX 1,629.78. Ashtead Group plc has a 12 month low of GBX 1,202.00 and a 12 month high of GBX 1,828.00. The company’s market cap is GBX 8.95 billion.
Ashtead Group plc (LON:AHT) last posted its earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 30.10 ($0.40) by GBX 1.40 ($0.02). Ashtead Group plc had a net margin of 14.47% and a return on equity of 24.78%. The company had revenue of £828.80 million during the quarter. Equities analysts anticipate that Ashtead Group plc will post $118.88 EPS for the current year.
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Ashtead Group plc Company Profile
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.
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