Ashtead Group plc (LON:AHT) Receives GBX 5,537.86 Average Price Target from Analysts

Ashtead Group plc (LON:AHT) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 5,537.86 ($70.09).

AHT has been the subject of several research analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 7,000 ($88.60) target price on shares of Ashtead Group in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 6,500 ($82.27) target price on shares of Ashtead Group in a report on Wednesday, September 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,150 ($77.84) price objective on shares of Ashtead Group in a research report on Tuesday, September 3rd.

Insider Transactions at Ashtead Group

In related news, insider Lucinda Riches sold 1,000 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of GBX 5,880 ($74.42), for a total transaction of £58,800 ($74,420.96). Company insiders own 0.64% of the company’s stock.

Ashtead Group Trading Down 0.2 %

LON AHT opened at GBX 6,276 ($79.43) on Friday. The stock has a market capitalization of £27.41 billion, a PE ratio of 2,368.30, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. The firm has a 50 day moving average of GBX 5,941.61 and a two-hundred day moving average of GBX 5,595.99. 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 has a 52 week low of GBX 4,653 ($58.89) and a 52 week high of GBX 6,446 ($81.58).

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.