Ashtead Group (AHT) Receives Buy Rating from Investec

Investec reiterated their buy rating on shares of Ashtead Group (LON:AHT) in a report published on Thursday. The firm currently has a GBX 2,700 ($36.62) price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. Numis Securities upped their price objective on shares of Ashtead Group from GBX 1,800 ($24.41) to GBX 2,000 ($27.12) and gave the stock an add rating in a research report on Wednesday, September 13th. Citigroup reaffirmed a buy rating and set a GBX 2,000 ($27.12) price objective on shares of Ashtead Group in a research report on Monday, October 30th. Liberum Capital upped their price objective on shares of Ashtead Group from GBX 1,940 ($26.31) to GBX 2,030 ($27.53) and gave the stock a buy rating in a research report on Thursday, September 14th. Jefferies Group reaffirmed a buy rating and set a GBX 2,000 ($27.12) price objective on shares of Ashtead Group in a research report on Thursday, October 19th. Finally, Peel Hunt upped their price objective on shares of Ashtead Group from GBX 1,800 ($24.41) to GBX 2,200 ($29.83) and gave the stock a buy rating in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of GBX 2,078.20 ($28.18).

Ashtead Group (LON:AHT) opened at GBX 2,105 ($28.55) on Thursday. Ashtead Group has a one year low of GBX 1,476 ($20.02) and a one year high of GBX 2,118 ($28.72). The company has a market cap of $10,500.00 and a PE ratio of 1,913.64.

Ashtead Group (LON:AHT) last posted its quarterly earnings data on Tuesday, December 12th. The company reported GBX 70.20 ($0.95) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 69.10 ($0.94) by GBX 1.10 ($0.01). Ashtead Group had a net margin of 16.77% and a return on equity of 32.51%. The business had revenue of GBX 189.91 billion during the quarter.

The business also recently announced a dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Thursday, January 18th will be issued a GBX 5.50 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a dividend yield of 0.29%.

In other news, insider Suzanne Wood sold 145,000 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of GBX 2,056 ($27.88), for a total value of £2,981,200 ($4,042,853.27).

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About Ashtead Group

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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