Ashtead Group (LON:AHT) Given Buy Rating at Peel Hunt
Peel Hunt restated their buy rating on shares of Ashtead Group (LON:AHT) in a research note released on Thursday, January 4th. The brokerage currently has a GBX 2,200 ($30.89) target price on the stock.
Several other equities research analysts also recently commented on the company. Citigroup reissued a buy rating and issued a GBX 2,000 ($28.09) price objective on shares of Ashtead Group in a report on Monday, October 30th. Barclays restated an overweight rating and issued a GBX 1,867 ($26.22) price target on shares of Ashtead Group in a research note on Wednesday, September 13th. Liberum Capital restated a buy rating and issued a GBX 2,030 ($28.51) price target on shares of Ashtead Group in a research note on Thursday, October 19th. Royal Bank of Canada restated an outperform rating and issued a GBX 2,400 ($33.70) price target on shares of Ashtead Group in a research note on Thursday, December 21st. Finally, JPMorgan Chase & Co. restated an overweight rating and issued a GBX 1,800 ($25.28) price target on shares of Ashtead Group in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 2,130 ($29.91).
Ashtead Group (AHT) traded up GBX 11 ($0.15) during trading hours on Thursday, reaching GBX 2,135 ($29.98). The company’s stock had a trading volume of 1,411,880 shares, compared to its average volume of 1,690,000. The firm has a market cap of $10,630.00 and a P/E ratio of 1,940.91. Ashtead Group has a 52-week low of GBX 1,476 ($20.73) and a 52-week high of GBX 2,185 ($30.68).
The business also recently declared a dividend, which will be paid on Wednesday, February 7th. Investors of record on Thursday, January 18th will be given a GBX 5.50 ($0.08) dividend. This represents a dividend yield of 0.29%. The ex-dividend date is Thursday, January 18th.
In related news, insider Suzanne Wood sold 145,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of GBX 2,056 ($28.87), for a total value of £2,981,200 ($4,186,490.66).
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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.
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