Ashtead Group (LON:AHT) had its price target reduced by Deutsche Bank from GBX 2,400 ($31.57) to GBX 1,400 ($18.42) in a research report report published on Tuesday morning, Stock Target Advisor reports. Deutsche Bank currently has a hold rating on the stock.
A number of other research firms also recently commented on AHT. Morgan Stanley raised Ashtead Group to an overweight rating and boosted their price target for the company from GBX 2,420 ($31.83) to GBX 3,000 ($39.46) in a research note on Monday, January 20th. Jefferies Financial Group dropped their price target on Ashtead Group from GBX 3,200 ($42.09) to GBX 3,100 ($40.78) and set a buy rating for the company in a research note on Monday, March 16th. Berenberg Bank boosted their price target on Ashtead Group from GBX 2,150 ($28.28) to GBX 2,250 ($29.60) and gave the company a hold rating in a research note on Monday, January 27th. Barclays boosted their price target on Ashtead Group from GBX 2,430 ($31.97) to GBX 3,195 ($42.03) and gave the company an overweight rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada dropped their price target on Ashtead Group from GBX 2,800 ($36.83) to GBX 2,600 ($34.20) and set an outperform rating for the company in a research note on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of GBX 2,506.36 ($32.97).
AHT opened at GBX 1,856 ($24.41) on Tuesday. The company has a market capitalization of $7.38 billion and a P/E ratio of 10.55. The stock has a fifty day moving average of GBX 2,235.92 and a 200-day moving average of GBX 2,320.26. Ashtead Group has a fifty-two week low of GBX 1,010 ($13.29) and a fifty-two week high of GBX 2,797 ($36.79). The company has a debt-to-equity ratio of 188.65, a quick ratio of 1.34 and a current ratio of 1.46.
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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