Ashtead Group (LON:AHT) PT Raised to GBX 2,600 at JPMorgan Chase & Co.

Ashtead Group (LON:AHT) had its price target upped by JPMorgan Chase & Co. from GBX 2,300 ($30.05) to GBX 2,600 ($33.97) in a research note issued on Thursday, September 5th, Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 11.44% from the stock’s previous close.

AHT has been the topic of several other reports. Barclays reissued an “overweight” rating and set a GBX 2,230 ($29.14) price target on shares of Ashtead Group in a research note on Wednesday, June 19th. Morgan Stanley cut shares of Ashtead Group to an “equal weight” rating in a research note on Wednesday, July 10th. Deutsche Bank restated a “hold” rating on shares of Ashtead Group in a report on Wednesday, June 19th. Numis Securities reiterated a “buy” rating and issued a GBX 2,800 ($36.59) target price on shares of Ashtead Group in a report on Thursday, June 13th. Finally, Liberum Capital reiterated a “buy” rating on shares of Ashtead Group in a report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 2,427.78 ($31.72).

LON AHT opened at GBX 2,333 ($30.48) on Thursday. The stock has a market cap of $10.79 billion and a P/E ratio of 14.11. The company’s 50-day simple moving average is GBX 2,208.32 and its 200 day simple moving average is GBX 2,092.09. Ashtead Group has a twelve month low of GBX 1,572.50 ($20.55) and a twelve month high of GBX 2,461 ($32.16). The company has a quick ratio of 1.27, a current ratio of 1.39 and a debt-to-equity ratio of 134.18.

In related news, insider Lindsley Ruth bought 2,250 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was bought at an average price of GBX 2,202 ($28.77) per share, for a total transaction of £49,545 ($64,739.32). Also, insider Brendan Horgan sold 46,792 shares of Ashtead Group stock in a transaction dated Thursday, July 4th. The stock was sold at an average price of GBX 2,320 ($30.31), for a total transaction of £1,085,574.40 ($1,418,495.23).

About Ashtead Group

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

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Analyst Recommendations for Ashtead Group (LON:AHT)

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