Peel Hunt Reaffirms “Buy” Rating for Ashtead Group (AHT)

Peel Hunt reiterated their buy rating on shares of Ashtead Group (LON:AHT) in a research report sent to investors on Thursday, April 18th, ThisIsMoney.Co.Uk reports.

Other equities analysts have also issued research reports about the stock. Liberum Capital restated a buy rating on shares of Ashtead Group in a research report on Thursday, April 18th. Jefferies Financial Group reiterated a buy rating on shares of Ashtead Group in a research report on Tuesday, April 9th. Numis Securities reiterated a buy rating and set a GBX 2,800 ($36.59) target price on shares of Ashtead Group in a research report on Tuesday, March 5th. Deutsche Bank increased 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 report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. reissued an overweight rating on shares of Ashtead Group in a report on Tuesday, February 12th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 2,349.09 ($30.70).

AHT traded up GBX 23 ($0.30) during trading on Thursday, hitting GBX 2,028 ($26.50). 1,146,917 shares of the company’s stock were exchanged, compared to its average volume of 2,210,000. 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 fifty-two week low of GBX 1,572.50 ($20.55) and a fifty-two week high of GBX 2,461 ($32.16). The company has a market cap of $9.47 billion and a price-to-earnings ratio of 13.32.

Ashtead Group (LON:AHT) last released its quarterly earnings data on Tuesday, March 5th. The company reported GBX 40 ($0.52) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 39.90 ($0.52) by GBX 0.10 ($0.00). As a group, equities analysts forecast that Ashtead Group will post 19347.9991421242 earnings per share for the current fiscal year.

About Ashtead Group

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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