Analysts Set Ashtead Group plc (LON:AHT) Price Target at GBX 5,537.86

Shares of Ashtead Group plc (LON:AHT) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 5,537.86 ($70.09).

Several analysts recently issued reports on AHT shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 6,500 ($82.27) price target on shares of Ashtead Group in a report on Wednesday, September 4th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 7,000 ($88.60) target price on shares of Ashtead Group in a research note on Monday, October 14th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,150 ($77.84) price target on shares of Ashtead Group in a research report on Tuesday, September 3rd.

Ashtead Group Stock Performance

Ashtead Group stock opened at GBX 6,276 ($79.43) on Friday. 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 4,653 ($58.89) and a 12 month high of GBX 6,446 ($81.58). The company has a fifty day moving average price of GBX 5,941.61 and a two-hundred day moving average price of GBX 5,595.99. The company has a market cap of £27.41 billion, a PE ratio of 2,368.30, a P/E/G ratio of 1.32 and a beta of 1.22.

Insiders Place Their Bets

In other Ashtead Group news, insider Lucinda Riches sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of GBX 5,880 ($74.42), for a total transaction of £58,800 ($74,420.96). 0.64% of the stock is currently owned by company 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.