Ashtead Group plc (LON:AHT) Given Average Rating of "Hold" by Brokerages - MarketBeat

2022-09-24 03:23:01 By : Mr. Witt Zhang

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Ashtead Group plc (LON:AHT - Get Rating) has been assigned a consensus rating of "Hold" from the eight ratings firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 5,237.50 ($63.29).

Several analysts recently commented on AHT shares. Barclays reaffirmed an "overweight" rating and set a GBX 5,650 ($68.27) target price on shares of Ashtead Group in a report on Wednesday, September 7th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 6,100 ($73.71) price objective on shares of Ashtead Group in a report on Thursday, July 28th. Royal Bank of Canada restated an "outperform" rating and issued a GBX 4,825 ($58.30) price objective on shares of Ashtead Group in a research report on Thursday, August 18th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 4,000 ($48.33) price objective on shares of Ashtead Group in a research report on Wednesday, September 7th.Ashtead Group Stock Down 1.5 %

Shares of AHT stock opened at GBX 4,151 ($50.16) on Thursday. The stock's 50-day simple moving average is GBX 4,323.32 and its 200-day simple moving average is GBX 4,278.06. The company has a debt-to-equity ratio of 146.44, a quick ratio of 1.10 and a current ratio of 1.22. The firm has a market capitalization of £18.29 billion and a PE ratio of 1,586.87. Ashtead Group has a fifty-two week low of GBX 3,269 ($39.50) and a fifty-two week high of GBX 6,572 ($79.41). About Ashtead Group (Get Rating)

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.Featured ArticlesThe Worst May be Over for Target, But is the Stock Safe to Buy?Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?Two Fun Stocks The Insiders Are Buying Novavax Remains a Risk-On Stock in a Risk-Off Market3 Defensive Stocks With 60-Year Dividend Hike Streaks

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