Ashtead Group plc (LON:AHT) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 1,871 ($24.60) and last traded at GBX 1,865 ($24.52), with a volume of 726,327 shares traded. The stock had previously closed at GBX 1,853 ($24.36).
Several brokerages have issued reports on AHT. Peel Hunt reissued a “buy” rating and set a GBX 1,800 ($23.67) price objective on shares of Ashtead Group plc in a research report on Thursday, August 17th. Liberum Capital reissued a “buy” rating and set a GBX 2,030 ($26.69) price objective on shares of Ashtead Group plc in a research report on Friday, September 29th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 1,800 ($23.67) price objective on shares of Ashtead Group plc in a research report on Wednesday, June 14th. Berenberg Bank raised their price objective on shares of Ashtead Group plc from GBX 1,600 ($21.04) to GBX 1,700 ($22.35) and gave the stock a “hold” rating in a research report on Thursday, September 14th. Finally, Numis Securities Ltd reissued an “add” rating and set a GBX 1,750 ($23.01) price objective on shares of Ashtead Group plc in a research report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Ashtead Group plc presently has an average rating of “Buy” and an average target price of GBX 1,783.62 ($23.45).
The company’s 50 day moving average is GBX 1,735.32 and its 200 day moving average is GBX 1,644.06. The company’s market capitalization is GBX 9.28 billion.
Ashtead Group plc (LON:AHT) last announced its earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.41) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 30.10 ($0.40) by GBX 1.40 ($0.02). The firm had revenue of £828.80 million during the quarter. Ashtead Group plc had a net margin of 17.04% and a return on equity of 29.67%. On average, equities analysts forecast that Ashtead Group plc will post $118.90 EPS for the current fiscal year.
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.
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