Brokerages Set Ashtead Group plc (LON:AHT) Target Price at GBX 5,537.86

Ashtead Group plc (LON:AHT - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 5,537.86 ($70.54).

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reissued a "buy" rating and set a GBX 6,150 ($78.33) price target on shares of Ashtead Group in a research report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 6,500 ($82.79) target price on shares of Ashtead Group in a report on Wednesday, September 4th. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 7,000 ($89.16) price target on shares of Ashtead Group in a report on Monday, October 14th.

Ashtead Group Stock Down 0.3 %

AHT traded down GBX 22 ($0.28) during midday trading on Friday, reaching GBX 6,290 ($80.12). The company's stock had a trading volume of 544,819 shares, compared to its average volume of 1,061,983. The company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 145.75. The stock's 50-day moving average is GBX 5,941.61 and its 200-day moving average is GBX 5,598.54. Ashtead Group has a 1 year low of GBX 4,653 ($59.27) and a 1 year high of GBX 6,446 ($82.10). The firm has a market capitalization of £27.47 billion, a price-to-earnings ratio of 2,373.58, a PEG ratio of 1.32 and a beta of 1.22.

Insider Activity at Ashtead Group

In other Ashtead Group news, insider Lucinda Riches sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of GBX 5,880 ($74.89), for a total value of £58,800 ($74,894.92). 0.64% of the stock is owned by corporate insiders.

About Ashtead Group

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.