Ashtead Group plc (LON:AHT) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Ashtead Group plc (LON:AHT - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 5,537.86 ($72.09).

AHT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 6,500 ($84.61) price objective on shares of Ashtead Group in a research report on Wednesday, September 4th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 6,150 ($80.06) price target on shares of Ashtead Group in a report on Tuesday, September 3rd. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 7,000 ($91.12) target price on shares of Ashtead Group in a research report on Monday, October 14th.

Ashtead Group Price Performance

AHT stock traded up GBX 148 ($1.93) during mid-day trading on Tuesday, reaching GBX 5,968 ($77.69). The company's stock had a trading volume of 414,522 shares, compared to its average volume of 1,084,397. 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 company's 50 day moving average is GBX 5,602.97 and its two-hundred day moving average is GBX 5,532.81. Ashtead Group has a fifty-two week low of GBX 4,437 ($57.76) and a fifty-two week high of GBX 6,180 ($80.45). The stock has a market cap of £26.07 billion, a PE ratio of 2,209.06, a P/E/G ratio of 1.32 and a beta of 1.22.

Insider Transactions at Ashtead Group

In other news, insider Lucinda Riches sold 1,000 shares of the business's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of GBX 5,880 ($76.54), for a total value of £58,800 ($76,542.57). Corporate insiders own 0.64% of the company's stock.

Ashtead Group Company Profile

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.