Ashtead Group (AHT) Earns “Hold” Rating from Deutsche Bank

Deutsche Bank reissued their hold rating on shares of Ashtead Group (LON:AHT) in a research report report published on Wednesday morning. The brokerage currently has a GBX 1,800 ($24.23) price objective on the stock.

AHT has been the subject of a number of other reports. Peel Hunt restated a buy rating and issued a GBX 1,800 ($24.23) price target on shares of Ashtead Group in a research report on Thursday, August 17th. Liberum Capital restated a buy rating and issued a GBX 2,030 ($27.32) price target on shares of Ashtead Group in a research report on Thursday, December 7th. J P Morgan Chase & Co upped their price target on Ashtead Group from GBX 1,800 ($24.23) to GBX 2,400 ($32.30) and gave the company an overweight rating in a research report on Tuesday, November 28th. Jefferies Group restated a buy rating and issued a GBX 2,000 ($26.92) price target on shares of Ashtead Group in a research report on Thursday, October 19th. Finally, Credit Suisse Group upped their price target on Ashtead Group from GBX 1,500 ($20.19) to GBX 1,650 ($22.21) and gave the company a neutral rating in a research report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 1,988.07 ($26.76).

Shares of Ashtead Group (LON:AHT) traded down GBX 28 ($0.38) during trading on Wednesday, hitting GBX 1,894 ($25.49). The company’s stock had a trading volume of 2,820,902 shares, compared to its average volume of 1,640,000. Ashtead Group has a fifty-two week low of GBX 1,476 ($19.87) and a fifty-two week high of GBX 2,118 ($28.51).

Ashtead Group (LON:AHT) last announced its earnings results on Tuesday, December 12th. The company reported GBX 70.20 ($0.94) EPS for the quarter, beating analysts’ consensus estimates of GBX 69.10 ($0.93) by GBX 1.10 ($0.01). Ashtead Group had a return on equity of 29.67% and a net margin of 17.04%. The business had revenue of GBX 189.91 billion during the quarter.

In other Ashtead Group news, insider Suzanne Wood sold 145,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of GBX 2,056 ($27.67), for a total transaction of £2,981,200 ($4,012,382.23).

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About Ashtead Group

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.

Analyst Recommendations for Ashtead Group (LON:AHT)

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