Ashtead Group plc (LON:AHT) has earned an average rating of “Buy” from the eleven research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 2,446.67 ($31.97).

A number of brokerages recently commented on AHT. Deutsche Bank reissued a “hold” rating on shares of Ashtead Group in a report on Tuesday, October 29th. Liberum Capital reissued a “buy” rating on shares of Ashtead Group in a report on Tuesday, September 10th. Berenberg Bank increased their price objective on Ashtead Group from GBX 1,700 ($22.21) to GBX 2,150 ($28.09) and gave the stock a “hold” rating in a report on Friday, October 4th. Peel Hunt reissued a “buy” rating on shares of Ashtead Group in a report on Friday, September 20th. Finally, UBS Group increased their price target on Ashtead Group from GBX 1,950 ($25.48) to GBX 2,250 ($29.40) and gave the company a “neutral” rating in a research note on Friday, September 20th.

AHT traded down GBX 33 ($0.43) on Thursday, reaching GBX 2,359 ($30.82). The company’s stock had a trading volume of 1,568,780 shares, compared to its average volume of 2,210,000. The stock has a market cap of $10.83 billion and a price-to-earnings ratio of 13.77. Ashtead Group has a 1 year low of GBX 1,572.50 ($20.55) and a 1 year high of GBX 2,444 ($31.94). The company has a debt-to-equity ratio of 169.47, a current ratio of 1.15 and a quick ratio of 1.04. The business’s 50 day moving average is GBX 2,236.14 and its 200 day moving average is GBX 2,168.74.

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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Analyst Recommendations for Ashtead Group (LON:AHT)

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