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).
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).
WARNING: “Ashtead Group (AHT) Earns “Hold” Rating from Deutsche Bank” was posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://www.themarketsdaily.com/2017/12/16/ashtead-group-aht-earns-hold-rating-from-deutsche-bank.html.
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.
Receive News & Ratings for Ashtead Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashtead Group and related companies with MarketBeat.com's FREE daily email newsletter.