Ashtead Group (ASHTY) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Ashtead Group (OTCMKTS:ASHTY) from a hold rating to a buy rating in a research report released on Friday morning. The firm currently has $116.00 target price on the stock.

According to Zacks, “Ashtead Group Plc is an equipment company which provides rental solutions primarily in United States and United Kingdom. The company’s operating segments consists of Sunbelt Rentals and A-Plant. Sunbelt Rentals provides pump and power, climate control and scaffolding services. A-Plant business operates through Eve Trakway Limited, which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services and FLG services. Ashtead Group Plc is headquartered in London, the United Kingdom. “

Shares of Ashtead Group (OTCMKTS:ASHTY) opened at $104.54 on Friday. The company has a market cap of $13,046.60, a price-to-earnings ratio of 18.50 and a beta of 1.49. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.23. Ashtead Group has a 52-week low of $76.15 and a 52-week high of $105.65.

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