Brokerages Set Ashtead Group plc (AHT) Price Target at $2,298.18
Shares of Ashtead Group plc (LON:AHT) have been assigned an average rating of “Buy” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,243.33 ($29.31).
A number of brokerages recently commented on AHT. UBS Group raised Ashtead Group to a “neutral” rating and lifted their price objective for the stock from GBX 1,700 ($22.21) to GBX 1,800 ($23.52) in a research note on Tuesday, January 8th. Deutsche Bank decreased their price objective on Ashtead Group from GBX 2,025 ($26.46) to GBX 1,900 ($24.83) and set a “hold” rating for the company in a research note on Wednesday, January 9th. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,500 ($32.67) price objective on shares of Ashtead Group in a research note on Tuesday, December 11th. JPMorgan Chase & Co. decreased their price objective on Ashtead Group from GBX 2,600 ($33.97) to GBX 2,300 ($30.05) and set an “overweight” rating for the company in a research note on Tuesday, December 4th. Finally, Barclays reaffirmed an “overweight” rating on shares of Ashtead Group in a research note on Wednesday, December 12th.
LON AHT opened at GBX 1,853.50 ($24.22) on Friday. Ashtead Group has a 52 week low of GBX 1,476 ($19.29) and a 52 week high of GBX 2,185 ($28.55).
The business also recently disclosed a dividend, which will be paid on Wednesday, February 6th. Investors of record on Thursday, January 17th will be paid a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date of this dividend is Thursday, January 17th. This represents a dividend yield of 0.39%.
In other Ashtead Group news, insider Ian Sutcliffe bought 13,933 shares of Ashtead Group stock in a transaction on Friday, October 26th. The shares were purchased at an average cost of GBX 1,794 ($23.44) per share, for a total transaction of £249,958.02 ($326,614.43).
About Ashtead Group
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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