Jefferies Financial Group Reiterates “Buy” Rating for Ashtead Group (LON:AHT)

Ashtead Group (LON:AHT)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a research report issued on Monday, Marketbeat.com reports. They currently have a GBX 6,800 ($86.45) price target on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 33.70% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 7,000 ($88.99) price target on shares of Ashtead Group in a research report on Monday, October 14th. JPMorgan Chase & Co. lifted their price objective on Ashtead Group from GBX 6,600 ($83.91) to GBX 7,300 ($92.80) and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 6,500 ($82.63) target price on shares of Ashtead Group in a report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Ashtead Group presently has an average rating of “Moderate Buy” and an average price target of GBX 6,550 ($83.27).

Ashtead Group Price Performance

LON:AHT opened at GBX 5,086 ($64.66) 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 £22.21 billion, a price-to-earnings ratio of 1,919.25, a P/E/G ratio of 1.32 and a beta of 1.22. Ashtead Group has a 52 week low of GBX 4,711 ($59.89) and a 52 week high of GBX 6,448 ($81.97). The firm’s 50-day simple moving average is GBX 5,985.87 and its 200 day simple moving average is GBX 5,599.50.

Insider Activity

In related news, insider Brendan Horgan acquired 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of GBX 5,320 ($67.63) per share, with a total value of £212,800 ($270,531.40). Also, insider Lucinda Riches sold 1,000 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of GBX 5,880 ($74.75), for a total transaction of £58,800 ($74,752.10). 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.