Ashtead Group (LON:AHT) Given Overweight Rating at Barclays

Ashtead Group (LON:AHT - Get Free Report)'s stock had its "overweight" rating restated by stock analysts at Barclays in a research report issued on Wednesday, Marketbeat.com reports. They currently have a GBX 6,600 ($82.89) price objective on the stock. Barclays's price target would suggest a potential upside of 8.41% from the stock's previous close.

A number of other research analysts have also weighed in on AHT. Royal Bank of Canada reduced 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. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 6,800 ($85.41) price objective on shares of Ashtead Group in a research report on Tuesday, May 7th. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 6,800 ($85.41) target price on shares of Ashtead Group in a research note on Friday, February 16th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 6,150 ($77.24) price objective on shares of Ashtead Group in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Ashtead Group has an average rating of "Moderate Buy" and a consensus target price of GBX 4,970.63 ($62.43).

Ashtead Group Trading Up 2.1 %

Shares of Ashtead Group stock traded up GBX 125.83 ($1.58) during midday trading on Wednesday, reaching GBX 6,087.83 ($76.46). 608,712 shares of the company's stock traded hands, compared to its average volume of 815,680. The stock has a 50 day moving average of GBX 5,598.92 and a 200-day moving average of GBX 5,293.25. Ashtead Group has a 12 month low of GBX 4,437 ($55.73) and a 12 month high of GBX 6,144 ($77.17). The company has a market cap of £26.57 billion, a PE ratio of 2,070.69, a price-to-earnings-growth ratio of 1.25 and a beta of 1.31. The company has a debt-to-equity ratio of 162.35, a quick ratio of 1.13 and a current ratio of 1.36.

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.