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 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.
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