Shares of Ashtead Group (LON:AHT) hit a new 52-week high on Wednesday . The stock traded as high as GBX 2,200 ($29.84) and last traded at GBX 2,200 ($29.84), with a volume of 1722261 shares. The stock had previously closed at GBX 2,158 ($29.27).
A number of brokerages have recently commented on AHT. Numis Securities reaffirmed a “buy” rating and issued a GBX 2,500 ($33.91) target price on shares of Ashtead Group in a report on Wednesday, March 7th. BNP Paribas lifted their target price on shares of Ashtead Group from GBX 1,550 ($21.03) to GBX 2,050 ($27.81) and gave the company a “neutral” rating in a report on Friday, April 27th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,300 ($31.20) target price on shares of Ashtead Group in a report on Thursday, April 19th. JPMorgan Chase reaffirmed an “overweight” rating and issued a GBX 2,600 ($35.27) target price on shares of Ashtead Group in a report on Wednesday, March 7th. Finally, Deutsche Bank reissued a “hold” rating on shares of Ashtead Group in a research note on Monday, April 23rd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 2,246.67 ($30.48).
Ashtead Group (LON:AHT) last issued its earnings results on Tuesday, March 6th. The company reported GBX 32.20 ($0.44) EPS for the quarter, topping the consensus estimate of GBX 29.60 ($0.40) by GBX 2.60 ($0.04). The company had revenue of £916.10 million for the quarter. Ashtead Group had a net margin of 59.82% and a return on equity of 95.06%.
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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