Ashtead Group plc (LON:AHT) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Ashtead Group plc (LON:AHT) has received a consensus recommendation of "Moderate Buy" from analysts, with four out of six brokerages rating the stock as a buy.
• The average target price for Ashtead Group among analysts is GBX 6,120.83, while recent ratings from UBS and Royal Bank of Canada suggest a price range between GBX 5,000 and GBX 4,125.
• Ashtead Group's stock traded at GBX 5,328, and the company has a significant market capitalization of £29.09 billion.

Ashtead Group plc (LON:AHT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 6,120.83.

A number of research analysts recently issued reports on AHT shares. UBS Group restated a "neutral" rating and set a GBX 5,000 price objective on shares of Ashtead Group in a report on Friday, August 15th. Royal Bank Of Canada cut shares of Ashtead Group to a "sector perform" rating and reduced their price target for the company from GBX 6,750 to GBX 4,125 in a report on Tuesday, April 29th.

Ashtead Group Trading Down 0.8%

LON AHT traded down GBX 42.98 during trading on Friday, reaching GBX 5,333.02. 798,779 shares of the stock traded hands, compared to its average volume of 3,263,020. The firm has a market cap of £29.12 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. The stock's 50-day moving average price is GBX 4,836.99 and its 200 day moving average price is GBX 4,521.72. The company has a quick ratio of 1.13, a current ratio of 1.31 and a debt-to-equity ratio of 146.30. Ashtead Group has a fifty-two week low of GBX 3,477 and a fifty-two week high of GBX 6,448.

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.