Ashtead Group (LON:AHT) Given New GBX 5,700 Price Target at Royal Bank of Canada

Ashtead Group (LON:AHT) had its price objective lifted by Royal Bank of Canada from GBX 5,350 ($69.90) to GBX 5,700 ($74.47) in a research report released on Monday morning, PriceTargets.com reports. They currently have a sector perform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Berenberg Bank upped their target price on shares of Ashtead Group from GBX 4,850 ($63.37) to GBX 5,500 ($71.86) and gave the stock a hold rating in a report on Monday, September 13th. Numis Securities reaffirmed a buy rating and issued a GBX 5,000 ($65.33) price objective on shares of Ashtead Group in a report on Tuesday, June 15th. Barclays reiterated an overweight rating and issued a GBX 5,280 ($68.98) target price on shares of Ashtead Group in a research note on Tuesday, September 14th. Deutsche Bank Aktiengesellschaft cut shares of Ashtead Group to a hold rating and set a GBX 5,018 ($65.56) price objective on the stock. in a research report on Friday, June 11th. Finally, Credit Suisse Group raised their price objective on shares of Ashtead Group from GBX 4,100 ($53.57) to GBX 6,000 ($78.39) and gave the company an outperform rating in a research report on Friday, June 25th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Ashtead Group presently has a consensus rating of Buy and a consensus price target of GBX 5,364 ($70.08).

LON AHT opened at GBX 5,710 ($74.60) on Monday. The firm’s fifty day moving average price is GBX 5,634 and its two-hundred day moving average price is GBX 5,108.51. The stock has a market cap of £25.55 billion and a PE ratio of 36.79. Ashtead Group has a fifty-two week low of GBX 2,719 ($35.52) and a fifty-two week high of GBX 6,284 ($82.10). The company has a debt-to-equity ratio of 128.77, a quick ratio of 1.08 and a current ratio of 1.18.

In related news, insider Michael Pratt sold 13,323 shares of the business’s stock in a transaction that occurred on Tuesday, July 6th. The shares were sold at an average price of GBX 54 ($0.71), for a total transaction of £7,194.42 ($9,399.56).

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It offers range of products and services, such as general tools, air compressors and accessories, compaction and earth moving, climate control services, power and HVAC, pump solutions, remediation and restoration, flooring solutions, and lighting and grip.

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Analyst Recommendations for Ashtead Group (LON:AHT)

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