Ashtead Group (AHT) Rating Reiterated by Liberum Capital
Several other equities analysts also recently commented on AHT. Numis Securities increased their price objective on shares of Ashtead Group from GBX 2,500 ($32.36) to GBX 2,800 ($36.25) and gave the company a buy rating in a research note on Wednesday, June 20th. UBS Group reaffirmed a sell rating on shares of Ashtead Group in a research note on Wednesday, July 4th. BNP Paribas raised their price target on shares of Ashtead Group from GBX 1,550 ($20.06) to GBX 2,050 ($26.54) and gave the company a neutral rating in a research note on Friday, April 27th. Peel Hunt reissued a buy rating and set a GBX 2,300 ($29.77) target price on shares of Ashtead Group in a research note on Thursday, April 19th. Finally, Royal Bank of Canada reissued an outperform rating and set a GBX 2,800 ($36.25) target price on shares of Ashtead Group in a research note on Friday, April 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Ashtead Group has an average rating of Buy and an average target price of GBX 2,378.57 ($30.79).
Ashtead Group traded down GBX 16 ($0.21), reaching GBX 2,393 ($30.98), on Thursday, according to Marketbeat.com. The company had a trading volume of 1,540,941 shares, compared to its average volume of 2,210,000. Ashtead Group has a fifty-two week low of GBX 1,476 ($19.11) and a fifty-two week high of GBX 2,185 ($28.28).
In related news, insider Tanya Fratto purchased 1,000 shares of the business’s stock in a transaction on Wednesday, June 27th. The stock was acquired at an average price of GBX 2,254 ($29.18) per share, with a total value of £22,540 ($29,177.99).
Ashtead Group Company Profile
Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.
Further Reading: Diversification
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