Ashtead Group plc (LON:AHT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Ashtead Group plc (LON:AHT) have been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 5,537.86 ($72.48).

Several analysts have recently weighed in on AHT shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 6,500 ($85.07) target price on shares of Ashtead Group in a research note on Wednesday, September 4th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,150 ($80.49) price target on shares of Ashtead Group in a research note on Tuesday, September 3rd. Finally, Berenberg Bank began coverage on Ashtead Group in a research note on Wednesday, September 18th. They issued a “buy” rating and a GBX 7,000 ($91.61) price target for the company.

Ashtead Group Trading Down 2.0 %

LON:AHT opened at GBX 5,734 ($75.04) on Friday. The business’s 50-day moving average is GBX 5,401.34 and its two-hundred day moving average is GBX 5,511.59. The company has a debt-to-equity ratio of 145.75, a current ratio of 1.17 and a quick ratio of 1.13. Ashtead Group has a 12 month low of GBX 4,437 ($58.07) and a 12 month high of GBX 6,180 ($80.88). The firm has a market capitalization of £25.04 billion, a PE ratio of 2,163.77, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22.

Insider Buying and Selling

In related news, insider Lucinda Riches sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of GBX 5,480 ($71.72), for a total transaction of £219,200 ($286,873.45). 0.64% of the stock is owned by corporate insiders.

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.