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Berenberg Bank Reaffirms "Buy" Rating for Ashtead Group (LON:AHT)

Ashtead Group logo with Industrials background

Ashtead Group (LON:AHT - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Berenberg Bank in a report issued on Wednesday, Marketbeat reports. They presently have a GBX 7,000 ($86.18) price objective on the stock. Berenberg Bank's target price would indicate a potential upside of 28.49% from the stock's current price.

AHT has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their price target on shares of Ashtead Group from GBX 6,600 ($81.25) to GBX 7,300 ($89.87) and gave the company an "overweight" rating in a research report on Friday, December 6th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 6,800 ($83.71) target price on shares of Ashtead Group in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 6,550 ($80.64).

View Our Latest Research Report on AHT

Ashtead Group Trading Up 0.3 %

Shares of Ashtead Group stock traded up GBX 14 ($0.17) during midday trading on Wednesday, reaching GBX 5,448 ($67.07). 821,573 shares of the company's stock traded hands, compared to its average volume of 1,423,676. The company has a debt-to-equity ratio of 145.75, a quick ratio of 1.13 and a current ratio of 1.17. Ashtead Group has a 12 month low of GBX 4,807 ($59.18) and a 12 month high of GBX 6,448 ($79.38). The stock has a 50 day moving average of GBX 5,538.74 and a 200-day moving average of GBX 5,502.63. The company has a market cap of £23.79 billion, a PE ratio of 2,055.85, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22.

Insider Activity

In other Ashtead Group news, insider Brendan Horgan purchased 4,000 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of GBX 5,320 ($65.49) per share, for a total transaction of £212,800 ($261,972.18). Insiders own 0.64% of the company's stock.

About Ashtead Group

(Get Free Report)

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.

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