Ashtead Group (LON:AHT) Hits New 1-Year High at $6,150.00

Ashtead Group plc (LON:AHT - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as GBX 6,150 ($77.24) and last traded at GBX 6,150 ($77.24), with a volume of 1643955 shares changing hands. The stock had previously closed at GBX 6,086 ($76.44).

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Royal Bank of Canada lowered their price objective on Ashtead Group from GBX 5,300 ($66.57) to GBX 5,100 ($64.05) and set a "sector perform" rating for the company in a research report on Tuesday, March 12th. Barclays reiterated an "overweight" rating and issued a GBX 6,600 ($82.89) price objective on shares of Ashtead Group in a research report on Wednesday. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 6,800 ($85.41) price target on shares of Ashtead Group in a research report on Friday, February 16th. Jefferies Financial Group restated a "buy" rating and set a GBX 6,150 ($77.24) price target on shares of Ashtead Group in a research report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 6,800 ($85.41) price target on shares of Ashtead Group in a research report on Tuesday, May 7th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Ashtead Group presently has a consensus rating of "Moderate Buy" and an average target price of GBX 4,970.63 ($62.43).

Ashtead Group Price Performance

The stock has a 50-day moving average price of GBX 5,617 and a 200 day moving average price of GBX 5,298.80. The company has a debt-to-equity ratio of 162.35, a current ratio of 1.36 and a quick ratio of 1.13. The firm has a market cap of £26.34 billion, a price-to-earnings ratio of 2,098.64, a PEG ratio of 1.25 and a beta of 1.31.

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.