Ashtead Group plc (LON:AHT) Receives GBX 5,537.86 Consensus PT from Analysts

Shares of Ashtead Group plc (LON:AHT) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment 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 analysts that have issued ratings on the stock in the last year is GBX 5,537.86 ($71.26).

Several brokerages have commented on AHT. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 6,500 ($83.64) target price on shares of Ashtead Group in a research report on Wednesday, September 4th. Berenberg Bank reiterated a “buy” rating and issued a GBX 7,000 ($90.08) price objective on shares of Ashtead Group in a report on Monday, October 14th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 6,150 ($79.14) target price on shares of Ashtead Group in a report on Tuesday, September 3rd.

Ashtead Group Stock Down 0.9 %

Shares of AHT opened at GBX 6,226 ($80.12) on Tuesday. The firm has a market capitalization of £27.19 billion, a price-to-earnings ratio of 2,371.32, a PEG ratio of 1.32 and a beta of 1.22. Ashtead Group has a 52 week low of GBX 4,437 ($57.10) and a 52 week high of GBX 6,446 ($82.95). The company has a debt-to-equity ratio of 145.75, a quick ratio of 1.13 and a current ratio of 1.17. The business’s fifty day moving average price is GBX 5,689.34 and its two-hundred day moving average price is GBX 5,551.33.

Insider Activity

In other news, insider Lucinda Riches sold 1,000 shares of Ashtead Group stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of GBX 5,880 ($75.67), for a total value of £58,800 ($75,665.94). 0.64% of the stock is currently owned by insiders.

About Ashtead Group

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.