Liberum Capital Boosts Ashtead Group (LON:AHT) Price Target to GBX 2,678

Ashtead Group (LON:AHT) had its target price lifted by Liberum Capital from GBX 2,390 ($31.23) to GBX 2,678 ($34.99) in a research report issued on Friday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the stock. Liberum Capital’s target price points to a potential upside of 14.20% from the stock’s previous close.

Several other analysts have also recently commented on AHT. Peel Hunt restated a “buy” rating on shares of Ashtead Group in a report on Friday, September 20th. Barclays reaffirmed an “overweight” rating on shares of Ashtead Group in a research report on Wednesday, November 27th. Berenberg Bank upped their price objective on shares of Ashtead Group from GBX 1,700 ($22.21) to GBX 2,150 ($28.09) and gave the company a “hold” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,450 ($32.01) target price on shares of Ashtead Group in a research report on Tuesday, November 12th. Finally, Deutsche Bank reissued a “hold” rating on shares of Ashtead Group in a research note on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 2,443.80 ($31.93).

Shares of AHT opened at GBX 2,345 ($30.64) on Friday. The business’s 50-day moving average is GBX 2,318.74 and its 200-day moving average is GBX 2,202.12. The company has a debt-to-equity ratio of 169.47, a current ratio of 1.15 and a quick ratio of 1.04. The company has a market capitalization of $10.62 billion and a price-to-earnings ratio of 13.69. Ashtead Group has a fifty-two week low of GBX 1,572.50 ($20.55) and a fifty-two week high of GBX 2,457 ($32.11).

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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