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

Shares of Ashtead Group plc (LON:AHT) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 2,250 ($29.40).

Several brokerages recently weighed in on AHT. Peel Hunt restated a “buy” rating on shares of Ashtead Group in a research report on Thursday. Liberum Capital restated a “buy” rating on shares of Ashtead Group in a research report on Thursday. Deutsche Bank boosted their price target on shares of Ashtead Group from GBX 1,900 ($24.83) to GBX 2,050 ($26.79) and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Numis Securities restated a “buy” rating and issued a GBX 2,800 ($36.59) price target on shares of Ashtead Group in a research report on Tuesday, March 5th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Ashtead Group in a research report on Tuesday, April 9th.

Ashtead Group stock opened at GBX 2,170 ($28.35) on Friday. The company has a market cap of $10.17 billion and a PE ratio of 14.25. The company has a current ratio of 1.61, a quick ratio of 1.50 and a debt-to-equity ratio of 134.26. 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).

Ashtead Group (LON:AHT) last released its quarterly earnings data on Tuesday, March 5th. The company reported GBX 40 ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 39.90 ($0.52) by GBX 0.10 ($0.00). As a group, analysts anticipate that Ashtead Group will post 19347.9996982394 earnings per share for the current fiscal year.

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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