Ashtead Group (LON:AHT) Given Overweight Rating at Barclays

Ashtead Group (LON:AHT)‘s stock had its “overweight” rating reissued by stock analysts at Barclays in a research report issued to clients and investors on Tuesday, December 19th, StockTargetPrices.com reports. They currently have a GBX 2,263 ($30.69) price objective on the stock. Barclays’ price target would indicate a potential upside of 7.51% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. Citigroup reaffirmed a “buy” rating and issued a GBX 2,000 ($27.12) target price on shares of Ashtead Group in a research report on Monday, October 30th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 2,030 ($27.53) target price on shares of Ashtead Group in a research report on Thursday, October 19th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,800 ($24.41) target price on shares of Ashtead Group in a research report on Tuesday, September 12th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,800 ($24.41) price target on shares of Ashtead Group in a report on Friday, October 20th. Finally, Jefferies Group reiterated a “buy” rating and issued a GBX 2,000 ($27.12) price target on shares of Ashtead Group in a report on Monday, September 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. Ashtead Group currently has an average rating of “Buy” and a consensus price target of GBX 2,078.20 ($28.18).

Ashtead Group (AHT) traded up GBX 32 ($0.43) during trading on Tuesday, reaching GBX 2,105 ($28.55). The company had a trading volume of 2,565,656 shares, compared to its average volume of 1,800,000. The firm has a market cap of $10,500.00 and a price-to-earnings ratio of 1,913.64. Ashtead Group has a 12-month low of GBX 1,476 ($20.02) and a 12-month high of GBX 2,118 ($28.72).

Ashtead Group (LON:AHT) last released its quarterly earnings results on Tuesday, December 12th. The company reported GBX 70.20 ($0.95) EPS for the quarter, topping the consensus estimate of GBX 69.10 ($0.94) by GBX 1.10 ($0.01). Ashtead Group had a return on equity of 32.51% and a net margin of 16.77%. The firm had revenue of GBX 189.91 billion for the quarter.

In other Ashtead Group news, insider Suzanne Wood sold 145,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of GBX 2,056 ($27.88), for a total transaction of £2,981,200 ($4,042,853.27).

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Ashtead Group Company Profile

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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Analyst Recommendations for Ashtead Group (LON:AHT)

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