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

Shares of Ashtead Group plc (LON:AHT) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 5,537.86 ($71.82).

A number of brokerages have recently issued reports on AHT. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 6,500 ($84.30) price objective on shares of Ashtead Group in a report on Wednesday, September 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,150 ($79.76) price objective on shares of Ashtead Group in a research note on Tuesday, September 3rd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 7,000 ($90.78) price target on shares of Ashtead Group in a research report on Monday, October 14th.

Ashtead Group Trading Down 0.4 %

Shares of LON AHT opened at GBX 5,820 ($75.48) on Tuesday. The company’s fifty day moving average is GBX 5,590.57 and its 200-day moving average is GBX 5,530.79. The stock has a market cap of £25.42 billion, a price-to-earnings ratio of 2,196.23, a P/E/G ratio of 1.32 and a beta of 1.22. Ashtead Group has a twelve month low of GBX 4,437 ($57.54) and a twelve month high of GBX 6,180 ($80.15). The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 145.75.

Insider Buying and Selling

In other Ashtead Group news, insider Lucinda Riches sold 1,000 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of GBX 5,880 ($76.25), for a total value of £58,800 ($76,254.70). 0.64% of the stock is currently owned by corporate insiders.

Ashtead Group Company Profile

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.