Ashtead Group plc’s (AHT) Buy Rating Reaffirmed at Liberum Capital

Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating restated by investment analysts at Liberum Capital in a research note issued on Friday, April 21st. They presently have a GBX 1,940 ($25.04) price target on the stock. Liberum Capital’s target price points to a potential upside of 23.80% from the stock’s current price.

Several other analysts have also recently commented on the stock. BNP Paribas restated a “neutral” rating and set a GBX 1,600 ($20.65) price objective on shares of Ashtead Group plc in a research note on Monday, March 20th. Peel Hunt lifted their price objective on shares of Ashtead Group plc from GBX 1,700 ($21.94) to GBX 1,800 ($23.23) and gave the company a “buy” rating in a research note on Tuesday, January 24th. Deutsche Bank AG raised shares of Ashtead Group plc to a “hold” rating and lifted their target price for the company from GBX 730 ($9.42) to GBX 1,600 ($20.65) in a report on Tuesday, January 17th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 1,837 ($23.71) target price on shares of Ashtead Group plc in a report on Monday, March 27th. Finally, Royal Bank of Canada lifted their target price on shares of Ashtead Group plc from GBX 1,850 ($23.88) to GBX 1,920 ($24.78) and gave the company an “outperform” rating in a report on Wednesday, March 29th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,679 ($21.67).

Analyst Recommendations for Ashtead Group plc (LON:AHT)

Shares of Ashtead Group plc (LON:AHT) traded up 1.62% during midday trading on Friday, hitting GBX 1567.00. 1,402,894 shares of the stock traded hands. The firm’s market capitalization is GBX 7.80 billion. Ashtead Group plc has a 52 week low of GBX 875.78 and a 52 week high of GBX 1,764.00. The company’s 50-day moving average is GBX 1,626.14 and its 200 day moving average is GBX 1,588.97.

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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.

12 Month Chart for LON:AHT

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