Royal Bank Of Canada Boosts Ashtead Group (AHT) Price Target to GBX 2,400
Ashtead Group (LON:AHT) had its price target hoisted by Royal Bank Of Canada from GBX 2,100 ($28.26) to GBX 2,400 ($32.30) in a research note issued to investors on Tuesday. The firm currently has an outperform rating on the stock.
AHT has been the subject of several other research reports. Jefferies Group reiterated a buy rating and issued a GBX 2,000 ($26.92) price objective on shares of Ashtead Group in a research note on Monday, September 4th. Liberum Capital reiterated a buy rating and issued a GBX 2,030 ($27.32) price objective on shares of Ashtead Group in a research note on Friday, September 29th. J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 1,800 ($24.23) price objective on shares of Ashtead Group in a research note on Friday, October 20th. Deutsche Bank reiterated a hold rating and issued a GBX 1,650 ($22.21) price objective on shares of Ashtead Group in a research note on Wednesday, September 13th. Finally, Barclays reiterated an overweight rating and issued a GBX 1,867 ($25.13) price objective on shares of Ashtead Group in a research note on Monday, September 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of GBX 1,895.50 ($25.51).
Shares of Ashtead Group (AHT) opened at GBX 1,987 ($26.74) on Tuesday. Ashtead Group has a one year low of GBX 1,476 ($19.87) and a one year high of GBX 1,989 ($26.77).
Ashtead Group (LON:AHT) last posted its quarterly earnings data on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 30.10 ($0.41) by GBX 1.40 ($0.02). The firm had revenue of £828.80 million during the quarter. Ashtead Group had a net margin of 17.04% and a return on equity of 29.67%.
About Ashtead Group
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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