Ashtead Group plc (LON:AHT) Receives Average Rating of “Hold” from Analysts

Ashtead Group plc (LON:AHT) has earned a consensus recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 5,460.

A number of research analysts recently weighed in on the stock. Jefferies Financial Group downgraded Ashtead Group to a “hold” rating and reduced their price objective for the company from GBX 5,900 to GBX 5,700 in a research note on Thursday, September 11th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 4,600 target price on shares of Ashtead Group in a report on Friday, November 7th. Peel Hunt reissued a “hold” rating and issued a GBX 5,000 price target on shares of Ashtead Group in a research note on Monday. Finally, JPMorgan Chase & Co. restated a “no recommendation” rating on shares of Ashtead Group in a research report on Thursday, November 6th.

Ashtead Group Stock Performance

Shares of AHT stock traded up GBX 28.80 during trading hours on Monday, hitting GBX 5,174. The company’s stock had a trading volume of 9,584,214 shares, compared to its average volume of 4,372,666. The company has a current ratio of 1.31, a quick ratio of 1.13 and a debt-to-equity ratio of 146.30. The company has a 50 day moving average of GBX 4,968.62 and a 200 day moving average of GBX 4,949.82. Ashtead Group has a 12-month low of GBX 3,477 and a 12-month high of GBX 5,616. The stock has a market cap of £21.63 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22.

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.