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Deutsche Bank Aktiengesellschaft Lowers Ashtead Group (LON:AHT) Price Target to GBX 6,500

Ashtead Group logo with Industrials background

Ashtead Group (LON:AHT - Get Free Report) had its price target decreased by analysts at Deutsche Bank Aktiengesellschaft from GBX 6,800 ($86.26) to GBX 6,500 ($82.46) in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 18.31% from the stock's previous close.

Several other research firms have also recently weighed in on AHT. Jefferies Financial Group restated a "buy" rating and set a GBX 6,150 ($78.02) price objective on shares of Ashtead Group in a research report on Wednesday, June 12th. Barclays restated an "overweight" rating and set a GBX 6,600 ($83.72) price objective on shares of Ashtead Group in a research report on Wednesday, May 15th. Finally, Royal Bank of Canada lowered their price objective on shares of Ashtead Group from GBX 5,300 ($67.23) to GBX 5,100 ($64.70) and set a "sector perform" rating on the stock in a research report on Tuesday, March 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to, Ashtead Group currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 4,933.13 ($62.58).

Check Out Our Latest Analysis on Ashtead Group

Ashtead Group Price Performance

LON AHT traded up GBX 100 ($1.27) on Monday, hitting GBX 5,494 ($69.69). The stock had a trading volume of 631,249 shares, compared to its average volume of 824,598. The firm has a 50-day moving average of GBX 5,691.36 and a 200-day moving average of GBX 5,449.02. The company has a debt-to-equity ratio of 162.35, a quick ratio of 1.13 and a current ratio of 1.36. The company has a market capitalization of £23.98 billion, a price-to-earnings ratio of 1,887.97, a price-to-earnings-growth ratio of 1.26 and a beta of 1.29. Ashtead Group has a 52-week low of GBX 4,437 ($56.29) and a 52-week high of GBX 6,180 ($78.40).

About Ashtead Group

(Get Free Report)

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.

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