Equities researchers at Royal Bank Of Canada assumed coverage on shares of Ashtead Group plc (LON:AHT) in a report issued on Thursday. The firm set an “outperform” rating and a GBX 1,580 ($19.55) price target on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 20.15% from the stock’s previous close.
AHT has been the subject of several other reports. BNP Paribas reiterated a “neutral” rating and set a GBX 1,050 ($13.00) price target on shares of Ashtead Group plc in a research report on Monday, August 8th. Jefferies Group reiterated a “buy” rating and set a GBX 1,385 ($17.14) price target on shares of Ashtead Group plc in a research report on Thursday, September 1st. Beaufort Securities reiterated a “buy” rating on shares of Ashtead Group plc in a research report on Wednesday, June 15th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,140 ($14.11) price target on shares of Ashtead Group plc in a research report on Wednesday, June 15th. Finally, Deutsche Bank AG reiterated a “sell” rating on shares of Ashtead Group plc in a research report on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 1,306.27 ($16.17).
Shares of Ashtead Group plc (LON:AHT) opened at 1311.00 on Thursday. The stock’s market cap is GBX 6.55 billion. The company’s 50-day moving average price is GBX 1,263.38 and its 200 day moving average price is GBX 1,076.46. Ashtead Group plc has a 12-month low of GBX 749.00 and a 12-month high of GBX 1,378.93.
In other news, insider Cole,Christopher sold 25,000 shares of Ashtead Group plc stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of GBX 1,186 ($14.68), for a total value of £296,500 ($366,955.45).
Ashtead Group plc Company Profile
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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