Ashtead Group (LON:AHT) had its price target reduced by analysts at JPMorgan Chase & Co. from GBX 2,600 ($35.92) to GBX 2,500 ($34.54) in a report released on Wednesday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 24.93% from the stock’s previous close.
A number of other research firms have also recently weighed in on AHT. Barclays raised their price objective on shares of Ashtead Group from GBX 1,867 ($25.79) to GBX 2,263 ($31.27) and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Credit Suisse Group raised shares of Ashtead Group to an “outperform” rating and lifted their target price for the company from GBX 1,650 ($22.80) to GBX 2,240 ($30.95) in a report on Wednesday, January 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 2,400 ($33.16) target price on shares of Ashtead Group in a report on Thursday, December 21st. Berenberg Bank lifted their target price on shares of Ashtead Group from GBX 1,700 ($23.49) to GBX 1,900 ($26.25) and gave the company a “hold” rating in a report on Tuesday, February 13th. Finally, Deutsche Bank lifted their target price on shares of Ashtead Group from GBX 1,650 ($22.80) to GBX 1,800 ($24.87) and gave the company a “hold” rating in a report on Wednesday, December 6th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 2,213.33 ($30.58).
Shares of Ashtead Group (LON AHT) opened at GBX 2,001.16 ($27.65) on Wednesday. Ashtead Group has a 1-year low of GBX 1,476 ($20.39) and a 1-year high of GBX 2,185 ($30.19). The firm has a market cap of $9,840.00 and a P/E ratio of 1,010.69.
Ashtead Group Company Profile
Ashtead Group plc is an equipment rental company. The Company rents a range of construction and industrial equipment across a range of applications to a diverse customer base. The Company’s segments include Sunbelt and A-Plant. The Company operates in the United States, the United Kingdom and Canada.
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