Ashtead Group (LON:AHT) Stock Rating Reaffirmed by Deutsche Bank Aktiengesellschaft

Ashtead Group (LON:AHT)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a GBX 6,800 ($85.43) target price on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 17.48% from the company’s current price.

Several other research firms have also issued reports on AHT. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 6,800 ($85.43) price target on shares of Ashtead Group in a research report on Friday, February 16th. Royal Bank of Canada decreased their target price on shares of Ashtead Group from GBX 5,300 ($66.58) to GBX 5,100 ($64.07) and set a “sector perform” rating on the stock in a research report on Tuesday, March 12th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,150 ($77.26) target price on shares of Ashtead Group in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Ashtead Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 4,895.63 ($61.50).

Ashtead Group Stock Performance

LON AHT opened at GBX 5,788 ($72.71) on Tuesday. The company has a debt-to-equity ratio of 162.35, a current ratio of 1.36 and a quick ratio of 1.13. The firm has a market capitalization of £25.26 billion, a price-to-earnings ratio of 1,968.71, a P/E/G ratio of 1.25 and a beta of 1.31. The company’s fifty day moving average is GBX 5,571.68 and its two-hundred day moving average is GBX 5,254.85. Ashtead Group has a 52-week low of GBX 4,437 ($55.74) and a 52-week high of GBX 6,144 ($77.19).

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.