Ashtead Group plc (LON:AHT) Receives GBX 5,537.86 Consensus PT from Analysts

Ashtead Group plc (LON:AHT) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 5,537.86 ($72.09).

A number of equities research analysts have commented on the company. Berenberg Bank restated a “buy” rating and issued a GBX 7,000 ($91.12) target price on shares of Ashtead Group in a research report on Monday, October 14th. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,150 ($80.06) price objective on shares of Ashtead Group in a report on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 6,500 ($84.61) target price on shares of Ashtead Group in a research note on Wednesday, September 4th.

Ashtead Group Stock Down 0.7 %

Shares of LON AHT opened at GBX 6,286 ($81.83) on Tuesday. Ashtead Group has a 1 year low of GBX 4,437 ($57.76) and a 1 year high of GBX 6,446 ($83.91). The company has a market capitalization of £27.45 billion, a P/E ratio of 2,372.08, a P/E/G ratio of 1.32 and a beta of 1.22. The company has a 50 day simple moving average of GBX 5,668.22 and a 200-day simple moving average of GBX 5,546.51. The company has a debt-to-equity ratio of 145.75, a current ratio of 1.17 and a quick ratio of 1.13.

Insider Transactions at Ashtead Group

In related news, insider Lucinda Riches sold 1,000 shares of Ashtead Group stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of GBX 5,880 ($76.54), for a total value of £58,800 ($76,542.57). Corporate insiders own 0.64% of the company’s stock.

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.