Ashtead Group (LON:AHT) Given New GBX 2,250 Price Target at UBS Group

Ashtead Group (LON:AHT) had its price objective boosted by UBS Group from GBX 1,950 ($25.48) to GBX 2,250 ($29.40) in a research note released on Friday morning, ThisIsMoney.Co.Uk reports. UBS Group currently has a neutral rating on the stock.

Several other research analysts also recently weighed in on the stock. Numis Securities reiterated a buy rating and issued a GBX 2,800 ($36.59) price target on shares of Ashtead Group in a research report on Thursday, June 13th. Deutsche Bank increased their price target on shares of Ashtead Group from GBX 2,050 ($26.79) to GBX 2,230 ($29.14) and gave the stock a hold rating in a research report on Wednesday, September 11th. Royal Bank of Canada raised their price objective on shares of Ashtead Group from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an outperform rating in a research report on Monday, June 24th. Peel Hunt restated a buy rating on shares of Ashtead Group in a research report on Friday. Finally, Liberum Capital restated a buy rating on shares of Ashtead Group in a research report on Tuesday, September 10th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Ashtead Group presently has an average rating of Buy and an average price target of GBX 2,477.78 ($32.38).

AHT opened at GBX 2,240 ($29.27) on Friday. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 169.47. Ashtead Group has a 1-year low of GBX 1,572.50 ($20.55) and a 1-year high of GBX 2,461 ($32.16). The company has a market capitalization of $10.31 billion and a PE ratio of 13.08. The firm’s 50 day simple moving average is GBX 2,213.07 and its two-hundred day simple moving average is GBX 2,105.69.



In other news, insider Brendan Horgan sold 46,792 shares of the firm’s stock in a transaction on Thursday, July 4th. The shares were sold at an average price of GBX 2,320 ($30.31), for a total transaction of £1,085,574.40 ($1,418,495.23).

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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Analyst Recommendations for Ashtead Group (LON:AHT)

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