Ashtead Group plc (AHT) Receives Buy Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Ashtead Group plc (LON:AHT) in a research report released on Tuesday. They currently have a GBX 1,800 ($23.25) target price on the stock.

AHT has been the topic of a number of other research reports. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 2,000 ($25.83) price target on shares of Ashtead Group plc in a research report on Monday, September 4th. Liberum Capital reaffirmed a buy rating and issued a GBX 1,940 ($25.05) price target on shares of Ashtead Group plc in a research report on Tuesday, June 6th. Royal Bank Of Canada increased their price target on Ashtead Group plc from GBX 1,920 ($24.80) to GBX 2,000 ($25.83) and gave the company an outperform rating in a research report on Friday, June 23rd. HSBC Holdings plc raised Ashtead Group plc to a buy rating and increased their price target for the company from GBX 1,650 ($21.31) to GBX 1,740 ($22.47) in a research report on Monday, June 12th. Finally, Beaufort Securities reaffirmed a buy rating on shares of Ashtead Group plc in a research report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of GBX 1,772.25 ($22.89).

Shares of Ashtead Group plc (LON:AHT) opened at 1759.00 on Tuesday. Ashtead Group plc has a 12-month low of GBX 1,182.00 and a 12-month high of GBX 1,828.72. The company has a 50 day moving average price of GBX 1,635.28 and a 200 day moving average price of GBX 1,626.86. The company’s market capitalization is GBX 7.80 billion.

Ashtead Group plc (LON:AHT) last posted its quarterly earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 30.10 ($0.39) by GBX 1.40 ($0.02). The company had revenue of £828.80 million for the quarter. Ashtead Group plc had a return on equity of 24.78% and a net margin of 14.47%. Equities analysts anticipate that Ashtead Group plc will post $118.17 EPS for the current year.

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In other news, insider Geoffrey Drabble sold 111,314 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of GBX 1,622 ($20.95), for a total transaction of £1,805,513.08 ($2,331,800.44).

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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