Peel Hunt Reiterates “Buy” Rating for Ashtead Group (LON:AHT)

Ashtead Group (LON:AHT)‘s stock had its “buy” rating reaffirmed by research analysts at Peel Hunt in a research report issued to clients and investors on Monday, Stock Target Advisor reports.

A number of other equities analysts have also weighed in on the company. Deutsche Bank restated a “hold” rating on shares of Ashtead Group in a research note on Tuesday, October 29th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 2,450 ($32.23) target price on shares of Ashtead Group in a research note on Tuesday, November 12th. UBS Group upped their target price on Ashtead Group from GBX 1,950 ($25.65) to GBX 2,250 ($29.60) and gave the stock a “neutral” rating in a research note on Friday, September 20th. Liberum Capital upped their target price on Ashtead Group from GBX 2,390 ($31.44) to GBX 2,678 ($35.23) and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, HSBC lowered Ashtead Group to a “hold” rating and decreased their target price for the stock from GBX 2,500 ($32.89) to GBX 2,350 ($30.91) in a research note on Thursday, November 28th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 2,443.80 ($32.15).

Shares of LON AHT opened at GBX 2,220 ($29.20) on Monday. The firm has a market capitalization of $10.10 billion and a P/E ratio of 12.96. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 169.47. The stock’s 50-day simple moving average is GBX 2,338.92 and its two-hundred day simple moving average is GBX 2,209.67. Ashtead Group has a twelve month low of GBX 1,572.50 ($20.69) and a twelve month high of GBX 2,468 ($32.47).

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.

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Analyst Recommendations for Ashtead Group (LON:AHT)

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