Ashtead Group’s (AHT) “Buy” Rating Reaffirmed at Berenberg Bank

Ashtead Group (LON:AHT)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued to investors on Wednesday, Marketbeat reports. They presently have a GBX 7,000 ($86.46) price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 27.46% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,800 ($83.99) price target on shares of Ashtead Group in a report on Monday, December 16th. JPMorgan Chase & Co. raised their target price on shares of Ashtead Group from GBX 6,600 ($81.52) to GBX 7,300 ($90.17) and gave the company an “overweight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 6,550 ($80.90).

Ashtead Group Trading Up 0.7 %

AHT opened at GBX 5,492 ($67.84) on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 145.75. The firm has a market cap of £23.99 billion, a price-to-earnings ratio of 2,072.45, a PEG ratio of 1.32 and a beta of 1.22. Ashtead Group has a 12 month low of GBX 4,807 ($59.38) and a 12 month high of GBX 6,448 ($79.64). The stock has a fifty day moving average price of GBX 5,524.06 and a 200-day moving average price of GBX 5,503.98.

Insiders Place Their Bets

In other news, insider Brendan Horgan acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of GBX 5,320 ($65.71) per share, with a total value of £212,800 ($262,845.85). Corporate insiders own 0.64% of the company’s stock.

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.