Jefferies Financial Group Downgrades Ashtead Group (LON:AHT) to Hold

Key Points

• Jefferies Financial Group has downgraded Ashtead Group to a "hold" rating, reducing the target price from GBX 5,900 to GBX 5,700, indicating a potential upside of 6.11% from the current stock price.
• UBS Group also maintained a "neutral" rating for Ashtead Group with a target price of GBX 5,000, while the overall consensus among analysts is a "hold" rating and an average target price of GBX 5,825.
• Ashtead Group's stock performance shows a market cap of £22.75 billion, with a P/E ratio of 1,553.50 and a debt-to-equity ratio of 146.30.

Ashtead Group (LON:AHT - Get Free Report) was downgraded by analysts at Jefferies Financial Group to a "hold" rating in a report issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 5,700 target price on the stock, down from their prior target price of GBX 5,900. Jefferies Financial Group's target price suggests a potential upside of 5.82% from the company's current price.

Separately, UBS Group restated a "neutral" rating and set a GBX 5,000 price target on shares of Ashtead Group in a report on Friday, August 15th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Ashtead Group has a consensus rating of "Hold" and a consensus price target of GBX 5,825.

Ashtead Group Trading Up 1.0%

Shares of AHT stock traded up GBX 54.36 on Thursday, hitting GBX 5,386.36. The stock had a trading volume of 1,210,403 shares, compared to its average volume of 3,492,557. The company has a debt-to-equity ratio of 146.30, a current ratio of 1.31 and a quick ratio of 1.13. The firm has a market capitalization of £22.81 billion, a P/E ratio of 1,557.65, a P/E/G ratio of 1.32 and a beta of 1.22. Ashtead Group has a 1 year low of GBX 3,477 and a 1 year high of GBX 6,448. The company's 50 day moving average price is GBX 5,158.89 and its 200-day moving average price is GBX 4,572.89.

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.