Ashtead Group plc (AHT) Sets New 52-Week High at $1,977.00

Shares of Ashtead Group plc (LON:AHT) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 1,977 ($26.09) and last traded at GBX 1,977 ($26.09), with a volume of shares trading hands.

AHT has been the subject of several research reports. BNP Paribas restated a “neutral” rating and set a GBX 1,550 ($20.45) price objective on shares of Ashtead Group plc in a research note on Wednesday, July 12th. Peel Hunt restated a “buy” rating and set a GBX 1,800 ($23.75) price objective on shares of Ashtead Group plc in a research note on Thursday, August 17th. Jefferies Group LLC restated a “buy” rating and set a GBX 2,000 ($26.39) price objective on shares of Ashtead Group plc in a research note on Monday, September 4th. Liberum Capital restated a “buy” rating and set a GBX 1,940 ($25.60) price objective on shares of Ashtead Group plc in a research note on Friday, September 8th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a GBX 1,800 ($23.75) price objective on shares of Ashtead Group plc in a research note on Wednesday, September 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 1,799.07 ($23.74).

Ashtead Group plc (LON:AHT) last posted its quarterly earnings data on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 30.10 ($0.40) by GBX 1.40 ($0.02). The company had revenue of £828.80 million during the quarter. Ashtead Group plc had a net margin of 17.04% and a return on equity of 29.67%.

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Ashtead Group plc Company Profile

Ashtead Group plc is an equipment rental company. The Company rents a range of construction and industrial equipment across a range of applications to a diverse customer base. The Company’s segments include Sunbelt and A-Plant. The Company operates in the United States, the United Kingdom and Canada.

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