Ashtead Group (LON:AHT) Price Target Raised to GBX 7,300

Ashtead Group (LON:AHT) had its price objective upped by JPMorgan Chase & Co. from GBX 6,600 ($84.11) to GBX 7,300 ($93.03) in a report issued on Friday morning, Marketbeat reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other brokerages also recently weighed in on AHT. Berenberg Bank reaffirmed a “buy” rating and set a GBX 7,000 ($89.21) price objective on shares of Ashtead Group in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 6,500 ($82.83) price target on shares of Ashtead Group in a report on Wednesday, September 4th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 6,150 ($78.37) price objective on shares of Ashtead Group in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 6,441.67 ($82.09).

Ashtead Group Trading Up 0.3 %

Shares of LON AHT opened at GBX 6,400 ($81.56) on Friday. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 145.75. The stock’s 50 day moving average price is GBX 6,016.81 and its two-hundred day moving average price is GBX 5,610.27. Ashtead Group has a 52-week low of GBX 4,711 ($60.04) and a 52-week high of GBX 6,446 ($82.15). The stock has a market capitalization of £27.95 billion, a P/E ratio of 2,415.09, a PEG ratio of 1.32 and a beta of 1.22.

Insider Transactions at Ashtead Group

In related news, insider Lucinda Riches sold 1,000 shares of Ashtead Group stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of GBX 5,880 ($74.93), for a total transaction of £58,800 ($74,933.10). 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.