Berenberg Bank Reiterates Buy Rating for Ashtead Group (LON:AHT)

Ashtead Group (LON:AHT)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research report issued on Monday, MarketBeat Ratings reports. They presently have a GBX 7,000 ($91.41) target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 21.61% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,150 ($80.31) price objective on shares of Ashtead Group in a report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 6,500 ($84.88) price target on shares of Ashtead Group in a report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ashtead Group has an average rating of “Moderate Buy” and a consensus price target of GBX 5,537.86 ($72.31).

Ashtead Group Stock Up 0.4 %

Shares of AHT opened at GBX 5,756 ($75.16) on Monday. The company has a debt-to-equity ratio of 145.75, a quick ratio of 1.13 and a current ratio of 1.17. The firm has a market cap of £25.14 billion, a P/E ratio of 2,172.08, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. Ashtead Group has a 52 week low of GBX 4,437 ($57.94) and a 52 week high of GBX 6,180 ($80.70). The firm’s 50-day simple moving average is GBX 5,415.82 and its 200 day simple moving average is GBX 5,515.48.

About Ashtead Group

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.