Ashtead Group plc (LON:AHT) has received a consensus recommendation of “Buy” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 2,243.33 ($29.31).
A number of equities analysts have weighed in on AHT shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Ashtead Group in a research report on Thursday, October 18th. HSBC lowered their price target on Ashtead Group from GBX 2,850 ($37.24) to GBX 2,500 ($32.67) and set a “buy” rating on the stock in a research report on Monday, October 29th. Barclays decreased their target price on Ashtead Group from GBX 2,580 ($33.71) to GBX 2,200 ($28.75) and set an “overweight” rating on the stock in a research report on Monday, November 5th. UBS Group reaffirmed a “sell” rating and issued a GBX 1,700 ($22.21) target price on shares of Ashtead Group in a research report on Thursday, November 29th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 2,390 ($31.23) target price on shares of Ashtead Group in a research report on Tuesday, December 11th.
Shares of LON AHT opened at GBX 1,853.50 ($24.22) on Friday. Ashtead Group has a twelve month low of GBX 1,476 ($19.29) and a twelve month high of GBX 2,185 ($28.55).
The company also recently announced a dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Thursday, January 17th will be given a GBX 6.50 ($0.08) dividend. This represents a dividend yield of 0.39%. The ex-dividend date is Thursday, January 17th.
In other news, insider Ian Sutcliffe bought 13,933 shares of the firm’s stock in a transaction dated Friday, October 26th. The shares were bought at an average price of GBX 1,794 ($23.44) per share, with a total value of £249,958.02 ($326,614.43).
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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