Ashtead Group plc (LON:AHT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Ashtead Group plc (LON:AHT) have earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 5,537.86 ($73.16).

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 6,500 ($85.87) target price on shares of Ashtead Group in a research note on Wednesday, September 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,150 ($81.24) price objective on shares of Ashtead Group in a research report on Tuesday, September 3rd. Finally, Berenberg Bank initiated coverage on shares of Ashtead Group in a research note on Wednesday. They set a “buy” rating and a GBX 7,000 ($92.47) price objective on the stock.

Ashtead Group Price Performance

Shares of AHT opened at GBX 5,626 ($74.32) on Monday. Ashtead Group has a 52 week low of GBX 4,437 ($58.61) and a 52 week high of GBX 6,180 ($81.64). 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 firm has a market cap of £24.57 billion, a price-to-earnings ratio of 2,062.73, a PEG ratio of 1.20 and a beta of 1.22. The stock has a 50 day moving average of GBX 5,299.36 and a 200-day moving average of GBX 5,465.55.

Insider Buying and Selling

In other Ashtead Group news, insider Brendan Horgan sold 37,063 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of GBX 5,112 ($67.53), for a total transaction of £1,894,660.56 ($2,502,854.11). In other news, insider Brendan Horgan sold 37,063 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of GBX 5,112 ($67.53), for a total value of £1,894,660.56 ($2,502,854.11). Also, insider Lucinda Riches sold 4,000 shares of Ashtead Group stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of GBX 5,480 ($72.39), for a total value of £219,200 ($289,564.07). Corporate insiders own 0.64% of the company’s stock.

About Ashtead Group

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.