Jefferies Financial Group Reiterates “Buy” Rating for Ashtead Group (LON:AHT)

Ashtead Group (LON:AHT)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a note issued to investors on Monday, MarketBeat Ratings reports. They presently have a GBX 6,800 ($86.45) price objective on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 33.70% from the company’s previous close.

Several other analysts have also recently weighed in on AHT. JPMorgan Chase & Co. boosted their price objective on shares of Ashtead Group from GBX 6,600 ($83.91) to GBX 7,300 ($92.80) and gave the stock an “overweight” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 6,500 ($82.63) price objective on shares of Ashtead Group in a research note on Wednesday, September 4th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 7,000 ($88.99) target price on shares of Ashtead Group in a research report on Monday, October 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 6,550 ($83.27).

Ashtead Group Trading Down 0.9 %

AHT opened at GBX 5,086 ($64.66) on Monday. 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 fifty-two week low of GBX 4,711 ($59.89) and a fifty-two week high of GBX 6,448 ($81.97). The company’s 50 day moving average price is GBX 5,985.87 and its two-hundred day moving average price is GBX 5,599.50. The firm has a market capitalization of £22.21 billion, a price-to-earnings ratio of 1,919.25, a PEG 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 Ashtead Group stock in a transaction on Thursday, October 17th. The shares were sold at an average price of GBX 5,880 ($74.75), for a total transaction of £58,800 ($74,752.10). Also, insider Brendan Horgan purchased 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of GBX 5,320 ($67.63) per share, for a total transaction of £212,800 ($270,531.40). Corporate insiders own 0.64% of the company’s stock.

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.