Ashtead Group plc (LON:AHT) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 1,852 ($24.57) and last traded at GBX 1,851 ($24.55), with a volume of 1,401,435 shares trading hands. The stock had previously closed at GBX 1,792 ($23.77).

Several research analysts recently commented on the company. Liberum Capital reissued a “buy” rating and set a GBX 2,030 ($26.93) price target on shares of Ashtead Group plc in a research report on Friday, September 29th. Barclays PLC reissued an “overweight” rating and set a GBX 1,867 ($24.76) price target on shares of Ashtead Group plc in a research report on Monday, September 25th. Berenberg Bank increased their price target on Ashtead Group plc from GBX 1,600 ($21.22) to GBX 1,700 ($22.55) and gave the company a “hold” rating in a research report on Thursday, September 14th. Credit Suisse Group raised their price objective on Ashtead Group plc from GBX 1,500 ($19.90) to GBX 1,650 ($21.89) and gave the company a “neutral” rating in a research report on Thursday, September 14th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 1,800 ($23.88) price objective on shares of Ashtead Group plc in a research report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 1,783.62 ($23.66).

The stock’s market cap is GBX 9.15 billion. The firm has a 50-day moving average price of GBX 1,703.03 and a 200 day moving average price of GBX 1,636.75.

Ashtead Group plc (LON:AHT) last posted its quarterly earnings data on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) EPS for the quarter, beating the consensus estimate of GBX 30.10 ($0.40) by GBX 1.40 ($0.02). Ashtead Group plc had a return on equity of 24.78% and a net margin of 14.47%. The business had revenue of £828.80 million for the quarter. Equities research analysts expect that Ashtead Group plc will post $118.90 EPS for the current year.

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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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