Ashtead Group plc’s (AHT) Buy Rating Reiterated at Citigroup Inc.

Citigroup Inc. reaffirmed their buy rating on shares of Ashtead Group plc (LON:AHT) in a research note published on Monday, MarketBeat.com reports. They currently have a GBX 2,000 ($26.39) price target on the stock.

Several other research analysts have also weighed in on AHT. Peel Hunt reaffirmed a buy rating and issued a GBX 1,800 ($23.75) target price on shares of Ashtead Group plc in a research report on Thursday, August 17th. Liberum Capital reaffirmed a buy rating and issued a GBX 2,030 ($26.79) target price on shares of Ashtead Group plc in a research report on Friday, September 29th. Berenberg Bank increased their target price on Ashtead Group plc from GBX 1,600 ($21.11) to GBX 1,700 ($22.43) and gave the stock a hold rating in a research report on Thursday, September 14th. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 1,800 ($23.75) target price on shares of Ashtead Group plc in a research report on Wednesday, September 13th. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a GBX 2,000 ($26.39) target price on shares of Ashtead Group plc in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of GBX 1,799.07 ($23.74).

Ashtead Group plc (LON:AHT) last posted its quarterly earnings data on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 30.10 ($0.40) by GBX 1.40 ($0.02). Ashtead Group plc had a return on equity of 29.67% and a net margin of 17.04%. The business had revenue of £828.80 million for the quarter.

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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.

Analyst Recommendations for Ashtead Group plc (LON:AHT)

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