Ashtead Group (AHT) Rating Reiterated by Peel Hunt
Peel Hunt reaffirmed their buy rating on shares of Ashtead Group (LON:AHT) in a report published on Thursday, ThisIsMoney.Co.Uk reports.
AHT has been the topic of several other reports. Deutsche Bank reduced their price objective on Ashtead Group from GBX 2,025 ($26.46) to GBX 1,900 ($24.83) and set a hold rating on the stock in a research note on Wednesday, January 9th. UBS Group upgraded Ashtead Group to a neutral rating and increased their price objective for the company from GBX 1,700 ($22.21) to GBX 1,800 ($23.52) in a research note on Tuesday, January 8th. Royal Bank of Canada reduced their price objective on Ashtead Group from GBX 2,800 ($36.59) to GBX 2,400 ($31.36) and set an outperform rating on the stock in a research note on Friday, January 18th. JPMorgan Chase & Co. reiterated an overweight rating on shares of Ashtead Group in a research note on Tuesday, February 12th. Finally, Numis Securities reiterated a buy rating and issued a GBX 2,800 ($36.59) price objective on shares of Ashtead Group in a research note on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of GBX 2,324.17 ($30.37).
Shares of LON AHT opened at GBX 2,170 ($28.35) on Thursday. The firm has a market capitalization of $10.19 billion and a PE ratio of 14.25. The company has a debt-to-equity ratio of 134.26, a quick ratio of 1.50 and a current ratio of 1.61. Ashtead Group has a 12-month low of GBX 1,572.50 ($20.55) and a 12-month high of GBX 2,461 ($32.16).
About Ashtead Group
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.
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