Ashtead Group (LON:AHT) Stock Rating Lowered by Jefferies Financial Group

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 stock analysts at Jefferies Financial Group to a "hold" rating in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 5,700 target price on the stock, down from their previous target price of GBX 5,900. Jefferies Financial Group's price target would suggest a potential upside of 7.19% from the company's current price.

Separately, UBS Group restated a "neutral" rating and issued a GBX 5,000 price target on shares of Ashtead Group in a research report on Friday, August 15th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of GBX 5,825.

Ashtead Group Stock Performance

LON:AHT traded down GBX 74.11 during midday trading on Thursday, reaching GBX 5,317.89. The stock had a trading volume of 593,834 shares, compared to its average volume of 3,521,734. Ashtead Group has a 1-year low of GBX 3,477 and a 1-year high of GBX 6,448. The firm's fifty day simple moving average is GBX 5,147.27 and its 200-day simple moving average is GBX 4,571.04. 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 stock has a market capitalization of £22.52 billion, a P/E ratio of 1,537.85, a PEG ratio of 1.32 and a beta of 1.22.

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.