Ashtead Group (LON:AHT) had its target price lifted by Berenberg Bank from GBX 1,700 ($23.49) to GBX 1,900 ($26.25) in a report released on Tuesday. The firm currently has a “hold” rating on the stock. Berenberg Bank’s target price would suggest a potential downside of 5.24% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Liberum Capital restated a “buy” rating and set a GBX 2,030 ($28.05) target price on shares of Ashtead Group in a research note on Thursday, October 19th. Jefferies Group restated a “buy” rating and set a GBX 2,000 ($27.63) target price on shares of Ashtead Group in a research note on Thursday, October 19th. Citigroup restated a “buy” rating and set a GBX 2,000 ($27.63) target price on shares of Ashtead Group in a research note on Monday, October 30th. Numis Securities restated a “buy” rating and set a GBX 2,500 ($34.54) target price on shares of Ashtead Group in a research note on Wednesday, December 13th. Finally, Peel Hunt raised their target price on shares of Ashtead Group from GBX 1,800 ($24.87) to GBX 2,200 ($30.40) and gave the stock a “buy” rating in a research note on Thursday, December 14th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 2,229.29 ($30.80).
Shares of Ashtead Group (LON AHT) opened at GBX 2,005 ($27.70) on Tuesday. The company has a market cap of $9,940.00 and a price-to-earnings ratio of 1,822.73. Ashtead Group has a 12 month low of GBX 1,476 ($20.39) and a 12 month high of GBX 2,185 ($30.19).
In related news, insider Suzanne Wood sold 145,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of GBX 2,056 ($28.41), for a total transaction of £2,981,200 ($4,118,817.35).
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.
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