Ashtead Group plc (AHT) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Ashtead Group plc (LON:AHT) have earned an average recommendation of “Buy” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 2,312.50 ($30.22).

Several equities analysts have issued reports on the stock. Liberum Capital restated a “buy” rating on shares of Ashtead Group in a research note on Monday, January 14th. Numis Securities restated a “buy” rating and set a GBX 2,800 ($36.59) target price on shares of Ashtead Group in a research note on Tuesday. Deutsche Bank restated a “hold” rating on shares of Ashtead Group in a research note on Wednesday, December 12th. UBS Group restated a “sell” rating and set a GBX 1,700 ($22.21) target price on shares of Ashtead Group in a research note on Thursday, November 29th. Finally, Peel Hunt restated a “buy” rating on shares of Ashtead Group in a research note on Thursday, January 3rd.

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Ashtead Group stock traded down GBX 80 ($1.05) during mid-day trading on Friday, reaching GBX 1,897 ($24.79). The stock had a trading volume of 2,337,312 shares, compared to its average volume of 2,210,000. Ashtead Group has a one year low of GBX 1,476 ($19.29) and a one year high of GBX 2,185 ($28.55).

Ashtead Group (LON:AHT) last announced its quarterly earnings results on Tuesday, March 5th. The company reported GBX 40 ($0.52) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 39.90 ($0.52) by GBX 0.10 ($0.00).

About Ashtead Group

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

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Analyst Recommendations for Ashtead Group (LON:AHT)

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