Brokerages Set Ashtead Group plc (LON:AHT) Target Price at GBX 5,460

Shares of Ashtead Group plc (LON:AHT) have earned a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 5,460.

Several analysts have commented on the company. Peel Hunt restated a “hold” rating and issued a GBX 5,000 price target on shares of Ashtead Group in a report on Monday, December 15th. Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 4,600 target price on shares of Ashtead Group in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. reaffirmed a “no recommendation” rating on shares of Ashtead Group in a research report on Thursday, November 6th.

Ashtead Group Price Performance

Shares of LON:AHT opened at GBX 5,369.60 on Friday. The company has a market cap of £22.37 billion, a P/E ratio of 16.24, a P/E/G ratio of 1.32 and a beta of 1.22. The business has a fifty day simple moving average of GBX 4,996.40 and a 200-day simple moving average of GBX 5,087.57. Ashtead Group has a 52 week low of GBX 3,477 and a 52 week high of GBX 5,849.70. The company has a quick ratio of 1.13, a current ratio of 1.31 and a debt-to-equity ratio of 146.30.

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. The company offers its products and services for facilities maintenance and municipalities, such as office complexes, apartment complexes, government, hospitals, data centers, parks and recreation departments, schools and universities, shopping centers, pavement/kerb repairs, and golf course maintenance; construction of airports, highways and bridges, office buildings, data centers, schools and universities, shopping centers, residential, remodeling, manufacturing plants, and green energy plants; emergency response for fire, hurricanes, flooding, tornadoes, winter, storms, residential and health emergencies, alternative care facilities, points of distribution, and mobile testing facilities; and entertainment and special events, including national events, concerts, sporting events, film and telvision production, theme parks, festivals farmers' markets, local 5k runs, and cycle races.