Ashtead Group (ASHTY) Stock Forecast & Price Target

$250.00 +3.56 (+1.44%)

As of 01/6/2025 03:59 PM Eastern

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

Buy

Based on 3 Analyst Ratings

Sell
0

Hold
1

Buy
2

Based on 3 Wall Street analysts who have issued ratings for Ashtead Group in the last 12 months, the stock has a consensus rating of "Buy." Out of the 3 analysts, 1 has given a hold rating, and 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 1/8/24 to 1/7/25	1 Month Ago 12/9/23 to 12/8/24	3 Months Ago 10/10/23 to 10/9/24	1 Year Ago 1/8/23 to 1/8/24
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	2 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	1 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	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	3.33	2.58	2.51
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	N/A	41.19% Upside	14.69% Upside
News Sentiment Rating	Positive 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
12/10/2024	The Goldman Sachs Group 2 of 5 stars	S. Varanasi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
12/3/2024	Royal Bank of Canada 4 of 5 stars	K. Green Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Moderate Buy
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Rose Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:13 AM 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 Sunday, January 5, 2025. 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 current stock price is $252.50, reflecting a recent increase of 0.4%, which may indicate positive market sentiment towards the company.
Ashtead Group plc has announced a dividend of $1.44 per share, which is set to be paid on February 24th. This dividend payout ratio of 19.70% suggests a commitment to returning value to shareholders.
Analyst ratings have shown positive trends, with Berenberg Bank upgrading Ashtead Group plc to a "strong-buy" rating, indicating strong confidence in the company's future performance.
The company has a solid market capitalization of approximately $27.60 billion, which provides stability and resources for growth and expansion in the equipment rental market.
With a debt-to-equity ratio of 1.08, Ashtead Group plc maintains a balanced approach to leveraging debt for growth while managing financial risk effectively.

Ashtead Group
Bear Case

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

The stock has experienced volatility, with a 52-week high of $337.95 and a low of $241.94, indicating potential instability in its market performance.
Recent trading activity showed a decline of 3.0%, which may raise concerns about short-term performance and investor confidence.
Goldman Sachs downgraded Ashtead Group plc from a "strong-buy" to a "hold" rating, suggesting that some analysts may see limited upside potential in the near term.
The company's average daily trading volume is relatively low at 15,553 shares, which could indicate lower liquidity and higher volatility in price movements.
Despite a reasonable P/E ratio of 17.90, the market may be cautious due to broader economic conditions affecting the construction and rental sectors.

ASHTY Forecast - Frequently Asked Questions

: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ashtead Group in the last twelve months. There is currently 1 hold rating and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "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 and 1 downgrade by analysts.
: Ashtead Group has been rated by research analysts at Royal Bank of Canada, and The Goldman Sachs Group in the past 90 days.
: Analysts like Ashtead Group more than other "industrial products" companies. The consensus rating for Ashtead Group is 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 1/7/2025 by MarketBeat.com Staff

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Ashtead Group (ASHTY) Stock Forecast & Price Target