Peel Hunt Reiterates Buy Rating for Ashtead Group (LON:AHT)

Peel Hunt reissued their buy rating on shares of Ashtead Group (LON:AHT) in a research note published on Monday, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also issued reports on AHT. Deutsche Bank reiterated a hold rating on shares of Ashtead Group in a report on Friday, June 7th. Jefferies Financial Group reiterated a buy rating on shares of Ashtead Group in a report on Tuesday, April 9th. JPMorgan Chase & Co. restated an overweight rating on shares of Ashtead Group in a report on Tuesday, February 12th. Liberum Capital restated a buy rating on shares of Ashtead Group in a report on Tuesday, March 5th. Finally, Numis Securities restated a buy rating and set a GBX 2,800 ($36.59) price target on shares of Ashtead Group in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of GBX 2,349.09 ($30.70).

Shares of LON AHT opened at GBX 1,959 ($25.60) on Monday. The company has a market capitalization of $9.12 billion and a P/E ratio of 12.86. Ashtead Group has a 1 year low of GBX 1,572.50 ($20.55) and a 1 year high of GBX 2,461 ($32.16). The company has a debt-to-equity ratio of 134.26, a current ratio of 1.61 and a quick ratio of 1.50.

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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