Ashtead Group (ASHTY) Stock Forecast & Price Target

$323.87 -2.57 (-0.79%)

(As of 12/2/2024 ET)

Ashtead Group - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Strong Buy

Based on 2 Analyst Ratings

Sell
0

Hold
0

Buy
2

Based on 2 Wall Street analysts who have issued ratings for Ashtead Group in the last 12 months, the stock has a consensus rating of "Strong Buy." Out of the 2 analysts, 2 have given a strong buy rating for ASHTY.

Consensus Price Target

N/A

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ASHTY Analyst Ratings Over Time

Type	Current Forecast 12/4/23 to 12/3/24	1 Month Ago 11/4/23 to 11/3/24	3 Months Ago 9/5/23 to 9/4/24	1 Year Ago 12/4/22 to 12/4/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A
Consensus Rating	Strong Buy	Strong Buy	Strong Buy	Moderate Buy

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ASHTY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ASHTY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ashtead Group Stock vs. The Competition

Type	Ashtead Group	Industrial Products Companies	S&P 500
Consensus Rating Score	4.00	2.57	2.50
Consensus Rating	Strong Buy	Moderate Buy	Moderate Buy
Predicted Upside	N/A	35.18% Upside	7.05% Upside
News Sentiment Rating	Neutral News See Recent ASHTY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target
9/19/2024	Berenberg Bank 2 of 5 stars	C. Raynsford Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/1/2024	Barclays 3 of 5 stars	J. Rose Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/7/2023	Royal Bank of Canada 4 of 5 stars		Boost Target		GBX 445 ➝ GBX 480
8/4/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 6,200 ➝ GBX 6,300
6/15/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 4,460 ➝ GBX 5,100
5/3/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
12/7/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 4,830 ➝ GBX 5,000

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 12:24 PM ET.

Should I Buy Ashtead Group Stock? ASHTY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these Ashtead Group pros and cons to contact@marketbeat.com.

Ashtead Group
Bull Case

Here are some ways that investors could benefit from investing in Ashtead Group plc:

The stock recently traded at $303.15, surpassing its fifty-day moving average of $297.18, indicating positive momentum and potential for further growth.
Analysts have upgraded Ashtead Group plc to a "strong-buy" rating, suggesting strong confidence in the company's future performance and potential for stock appreciation.
The company reported earnings per share of $3.88, exceeding expectations, which reflects strong operational performance and profitability.
Ashtead Group plc has a solid market capitalization of $33.14 billion, indicating a stable and significant presence in the equipment rental industry.
The firm has a healthy return on equity of 23.60%, demonstrating effective management and the ability to generate profits from shareholders' equity.

Ashtead Group
Bear Case

Investors should be bearish about investing in Ashtead Group plc for these reasons:

The company has a debt-to-equity ratio of 1.08, which indicates a reliance on debt financing that could pose risks if market conditions change.
Recent revenue of $2.54 billion fell short of analyst estimates of $2.74 billion, suggesting potential challenges in meeting growth expectations.
With a short percentage of float at 0%, there is little to no bearish sentiment in the market, which could indicate a lack of investor confidence in the stock's future performance.
The average daily trading volume is 35,000 shares, which may indicate lower liquidity, potentially making it harder for investors to enter or exit positions without affecting the stock price.
Institutional ownership is at 0%, which may suggest a lack of confidence from larger investors, potentially impacting the stock's stability and growth prospects.

ASHTY Forecast - Frequently Asked Questions

: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ashtead Group in the last twelve months. There are currently 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "strong buy" ASHTY shares.
: According to analysts, Ashtead Group's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, Ashtead Group's stock had 1 upgrade by analysts.
: Ashtead Group has been rated by research analysts at Berenberg Bank in the past 90 days.
: Analysts like Ashtead Group more than other "industrial products" companies. The consensus rating for Ashtead Group is Strong Buy while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how ASHTY compares to other companies.

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This page (OTCMKTS:ASHTY) was last updated on 12/3/2024 by MarketBeat.com Staff

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Ashtead Group (ASHTY) Stock Forecast & Price Target