Ashtead Group plc (LON:AHT) Receives GBX 5,537.86 Average PT from Brokerages

Ashtead Group plc (LON:AHT) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 5,537.86 ($72.48).

AHT has been the topic of a number of analyst reports. Berenberg Bank initiated coverage on shares of Ashtead Group in a research report on Wednesday, September 18th. They set a “buy” rating and a GBX 7,000 ($91.61) target price on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,150 ($80.49) price target on shares of Ashtead Group in a research note on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 6,500 ($85.07) price objective on shares of Ashtead Group in a report on Wednesday, September 4th.

Insider Activity at Ashtead Group

In other Ashtead Group news, insider Lucinda Riches sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of GBX 5,480 ($71.72), for a total value of £219,200 ($286,873.45). Corporate insiders own 0.64% of the company’s stock.

Ashtead Group Price Performance

Ashtead Group stock opened at GBX 5,716 ($74.81) on Friday. The firm has a market capitalization of £24.97 billion, a PE ratio of 2,156.98, a P/E/G ratio of 1.32 and a beta of 1.22. Ashtead Group has a 52 week low of GBX 4,437 ($58.07) and a 52 week high of GBX 6,180 ($80.88). The firm’s 50-day simple moving average is GBX 5,407.26 and its 200 day simple moving average is GBX 5,512.26. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 145.75.

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.