Ashtead Group plc (LON:AHT – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 5,502.61 ($72.01) and traded as high as GBX 5,666 ($74.15). Ashtead Group shares last traded at GBX 5,648 ($73.92), with a volume of 872,338 shares traded.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on AHT shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 6,500 ($85.07) price objective on shares of Ashtead Group in a report on Wednesday, September 4th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,150 ($80.49) target price on shares of Ashtead Group in a research report on Tuesday, September 3rd. Finally, Berenberg Bank assumed coverage on Ashtead Group in a report on Wednesday, September 18th. They issued a “buy” rating and a GBX 7,000 ($91.61) price target for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,537.86 ($72.48).
Check Out Our Latest Research Report on Ashtead Group
Ashtead Group Stock Performance
Insider Transactions at Ashtead Group
In related news, insider Lucinda Riches sold 4,000 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of GBX 5,480 ($71.72), for a total transaction of £219,200 ($286,873.45). Insiders own 0.64% of the company’s stock.
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.
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