Ashtead Group plc (LON:AHT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Ashtead Group plc (LON:AHT) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 5,537.86 ($72.31).

Several research firms have recently weighed in on AHT. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 6,500 ($84.88) price target on shares of Ashtead Group in a research note on Wednesday, September 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,150 ($80.31) price target on shares of Ashtead Group in a research note on Tuesday, September 3rd. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 7,000 ($91.41) price target on shares of Ashtead Group in a research note on Monday.

Ashtead Group Stock Down 0.6 %

Shares of LON AHT opened at GBX 5,861.40 ($76.54) on Friday. The company has a debt-to-equity ratio of 145.75, a current ratio of 1.17 and a quick ratio of 1.13. The company has a market cap of £25.60 billion, a P/E ratio of 2,225.66, a PEG ratio of 1.32 and a beta of 1.22. Ashtead Group has a 1 year low of GBX 4,437 ($57.94) and a 1 year high of GBX 6,180 ($80.70). The firm has a 50-day simple moving average of GBX 5,446.98 and a two-hundred day simple moving average of GBX 5,520.06.

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.