Ashtead Group’s (AHT) “Overweight” Rating Reaffirmed at JPMorgan Chase

JPMorgan Chase reissued their overweight rating on shares of Ashtead Group (LON:AHT) in a research report report published on Thursday morning. The firm currently has a GBX 2,500 ($35.34) target price on the stock.

Other analysts also recently issued reports about the company. Peel Hunt upped their target price on Ashtead Group from GBX 1,800 ($25.44) to GBX 2,200 ($31.10) and gave the company a buy rating in a research report on Thursday, December 14th. Investec restated a buy rating and set a GBX 2,700 ($38.16) price objective on shares of Ashtead Group in a research report on Thursday, January 11th. Numis Securities restated a buy rating and set a GBX 2,500 ($35.34) price objective on shares of Ashtead Group in a research report on Wednesday, December 13th. Liberum Capital restated a buy rating and set a GBX 2,030 ($28.69) price objective on shares of Ashtead Group in a research report on Wednesday, December 13th. Finally, Morgan Stanley upped their price objective on Ashtead Group from GBX 1,375 ($19.43) to GBX 1,940 ($27.42) and gave the stock an equal weight rating in a research report on Friday, March 2nd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Ashtead Group currently has an average rating of Buy and an average target price of GBX 2,213.33 ($31.28).

Shares of LON:AHT traded up GBX 17 ($0.24) during trading on Thursday, reaching GBX 2,048 ($28.95). 454,580 shares of the company traded hands, compared to its average volume of 2,210,000. Ashtead Group has a 52 week low of GBX 1,476 ($20.86) and a 52 week high of GBX 2,185 ($30.88).



Ashtead Group (LON:AHT) last released its earnings results on Tuesday, March 6th. The company reported GBX 32.20 ($0.46) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 29.60 ($0.42) by GBX 2.60 ($0.04). The firm had revenue of £916.10 million during the quarter. Ashtead Group had a return on equity of 95.06% and a net margin of 59.82%.

TRADEMARK VIOLATION WARNING: “Ashtead Group’s (AHT) “Overweight” Rating Reaffirmed at JPMorgan Chase” was posted by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://dakotafinancialnews.com/2018/04/13/ashtead-groups-aht-overweight-rating-reaffirmed-at-jpmorgan-chase.html.

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

Analyst Recommendations for Ashtead Group (LON:AHT)

Receive News & Ratings for Ashtead Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashtead Group and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply