Ashtead Group’s (AHT) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Ashtead Group (LON:AHT) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The firm currently has a GBX 6,800 ($85.43) price objective on the stock.

AHT has been the topic of several other research reports. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 6,800 ($85.43) price objective on shares of Ashtead Group in a research note on Friday, February 16th. Royal Bank of Canada dropped their price objective on shares of Ashtead Group from GBX 5,300 ($66.58) to GBX 5,100 ($64.07) and set a sector perform rating on the stock in a research note on Tuesday, March 12th. Finally, Jefferies Financial Group restated a buy rating and issued a GBX 6,150 ($77.26) target price on shares of Ashtead Group in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of GBX 4,895.63 ($61.50).

Ashtead Group Price Performance

AHT opened at GBX 5,872 ($73.77) on Tuesday. The firm has a market cap of £25.63 billion, a price-to-earnings ratio of 1,997.28, a price-to-earnings-growth ratio of 1.25 and a beta of 1.31. Ashtead Group has a fifty-two week low of GBX 4,437 ($55.74) and a fifty-two week high of GBX 6,144 ($77.19). The company’s 50-day moving average price is GBX 5,575.52 and its 200 day moving average price is GBX 5,259.14. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 162.35.

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 provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.