Ashtead Group (LON:AHT)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a research note issued on Monday, ThisIsMoney.Co.Uk reports.
Several other research firms also recently weighed in on AHT. Liberum Capital reissued a “buy” rating on shares of Ashtead Group in a research report on Thursday, April 18th. Deutsche Bank boosted their target price on shares of Ashtead Group from GBX 1,900 ($24.83) to GBX 2,050 ($26.79) and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Numis Securities reissued a “buy” rating and set a GBX 2,800 ($36.59) target price on shares of Ashtead Group in a research report on Tuesday, March 5th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Ashtead Group in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Ashtead Group currently has a consensus rating of “Buy” and a consensus target price of GBX 2,349.09 ($30.70).
Shares of Ashtead Group stock opened at GBX 2,081 ($27.19) on Monday. The company has a current ratio of 1.61, a quick ratio of 1.50 and a debt-to-equity ratio of 134.26. Ashtead Group has a 52-week low of GBX 1,572.50 ($20.55) and a 52-week high of GBX 2,461 ($32.16). The company has a market capitalization of $9.68 billion and a PE ratio of 13.66.
Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.
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