Shares of Ashtead Group plc (LON:AHT) have been assigned a consensus recommendation of “Buy” from the sixteen ratings firms that are currently covering the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 1,306.27 ($16.17).
A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Ashtead Group plc from GBX 1,370 ($16.96) to GBX 1,430 ($17.70) and gave the stock an “overweight” rating in a research report on Friday. Jefferies Group reissued a “buy” rating and issued a GBX 1,550 ($19.18) target price on shares of Ashtead Group plc in a research report on Friday. Numis Securities Ltd reissued an “add” rating and issued a GBX 1,500 ($18.56) target price on shares of Ashtead Group plc in a research report on Friday. Berenberg Bank boosted their target price on shares of Ashtead Group plc from GBX 1,150 ($14.23) to GBX 1,200 ($14.85) and gave the company a “buy” rating in a research report on Monday, July 4th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 1,500 ($18.56) target price (up previously from GBX 1,350 ($16.71)) on shares of Ashtead Group plc in a research report on Thursday.
Shares of Ashtead Group plc (LON:AHT) traded down 2.38% during midday trading on Friday, reaching GBX 1315.00. 4,459,732 shares of the company’s stock were exchanged. Ashtead Group plc has a 12 month low of GBX 749.00 and a 12 month high of GBX 1,378.93. The stock’s market cap is GBX 6.57 billion. The company’s 50 day moving average is GBX 1,263.38 and its 200-day moving average is GBX 1,076.46.
In other news, insider Cole,Christopher sold 25,000 shares of the business’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of GBX 1,186 ($14.68), for a total transaction of £296,500 ($366,955.45).
About Ashtead Group plc
Ashtead Group plc is a United Kingdom-based equipment rental company with networks in the United States and the United Kingdom. The Company operates through two business units: Sunbelt, which provides pump and power, climate control and scaffolding service, and A-Plant business, which operates through Eve Trakway Limited (Eve), which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services, and FLG (lifting) services.
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