UBS Group Reaffirms "Neutral" Rating for Ashtead Group (LON:AHT)

Key Points

• UBS Group has reaffirmed a "neutral" rating for Ashtead Group with a price target of GBX 5,000 ($67.65), indicating a potential downside of 6.16% from its current price.
• Royal Bank of Canada downgraded Ashtead Group to a "sector perform" rating and reduced their price objective from GBX 6,750 ($91.33) to GBX 4,125 ($55.81).
• Ashtead Group currently holds an average rating of "Moderate Buy" from analysts, with a consensus target price of GBX 6,120.83 ($82.81).

Ashtead Group (LON:AHT - Get Free Report)'s stock had its "neutral" rating reissued by equities researchers at UBS Group in a research report issued on Friday,Digital Look reports. They currently have a GBX 5,000 ($67.65) price target on the stock. UBS Group's price target would suggest a potential downside of 6.16% from the company's current price.

Separately, Royal Bank Of Canada cut Ashtead Group to a "sector perform" rating and dropped their price objective for the stock from GBX 6,750 ($91.33) to GBX 4,125 ($55.81) in a report on Tuesday, April 29th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Ashtead Group has an average rating of "Moderate Buy" and a consensus target price of GBX 6,120.83 ($82.81).

Ashtead Group Price Performance

AHT traded up GBX 26 ($0.35) during trading on Friday, reaching GBX 5,328 ($72.09). 783,017 shares of the company were exchanged, compared to its average volume of 3,308,346. The company's 50-day moving average is GBX 4,755.56 and its two-hundred day moving average is GBX 4,519.82. The company has a market cap of £29.09 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 1.32 and a beta of 1.22. The company has a quick ratio of 1.13, a current ratio of 1.31 and a debt-to-equity ratio of 146.30. Ashtead Group has a 12-month low of GBX 3,477 ($47.04) and a 12-month high of GBX 6,448 ($87.24).

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.