Ashtead Group (AHT) Given New GBX 1,900 Price Target at Deutsche Bank

Ashtead Group (LON:AHT) had its price target lowered by Deutsche Bank from GBX 2,025 ($26.46) to GBX 1,900 ($24.83) in a report published on Wednesday. The firm currently has a hold rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Numis Securities reaffirmed a buy rating on shares of Ashtead Group in a research note on Wednesday, September 12th. Liberum Capital reaffirmed a buy rating and set a GBX 2,390 ($31.23) price objective on shares of Ashtead Group in a research note on Tuesday, December 11th. Peel Hunt reaffirmed a buy rating and set a GBX 2,500 ($32.67) price objective on shares of Ashtead Group in a research note on Tuesday, December 11th. Barclays reaffirmed an overweight rating on shares of Ashtead Group in a research note on Wednesday, December 12th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Ashtead Group in a research note on Wednesday, September 12th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of GBX 2,313.85 ($30.23).

Shares of LON:AHT opened at GBX 1,883 ($24.60) on Wednesday. Ashtead Group has a twelve month low of GBX 1,476 ($19.29) and a twelve month high of GBX 2,185 ($28.55).

Ashtead Group (LON:AHT) last issued its quarterly earnings results on Tuesday, December 11th. The company reported GBX 98.80 ($1.29) earnings per share for the quarter.

The firm also recently announced a dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Thursday, January 17th will be given a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date of this dividend is Thursday, January 17th. This represents a dividend yield of 0.39%.

In other Ashtead Group news, insider Ian Sutcliffe bought 13,933 shares of the firm’s stock in a transaction dated Friday, October 26th. The shares were purchased at an average price of GBX 1,794 ($23.44) per share, for a total transaction of £249,958.02 ($326,614.43).

Ashtead Group Company Profile

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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