Ashtead Group plc (AHT) Given Consensus Recommendation of “Buy” by Analysts
Ashtead Group plc (LON:AHT) has been assigned a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 2,283.33 ($29.84).
Several brokerages recently issued reports on AHT. Liberum Capital reissued a “buy” rating on shares of Ashtead Group in a report on Thursday, April 18th. Numis Securities reissued a “buy” rating and set a GBX 2,800 ($36.59) price objective on shares of Ashtead Group in a report on Tuesday, March 5th. Peel Hunt reissued a “buy” rating on shares of Ashtead Group in a report on Thursday, April 18th. Royal Bank of Canada cut their price objective on shares of Ashtead Group from GBX 2,800 ($36.59) to GBX 2,400 ($31.36) and set an “outperform” rating on the stock in a report on Friday, January 18th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Ashtead Group in a report on Tuesday, February 12th.
Ashtead Group stock opened at GBX 2,037 ($26.62) on Thursday. The company has a quick ratio of 1.50, a current ratio of 1.61 and a debt-to-equity ratio of 134.26. Ashtead Group has a fifty-two week low of GBX 1,572.50 ($20.55) and a fifty-two week high of GBX 2,461 ($32.16). The company has a market cap of $9.41 billion and a PE ratio of 13.37.
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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