Ashtead Group plc (OTCMKTS:ASHTY) Given Consensus Recommendation of “Buy” by Analysts

Shares of Ashtead Group plc (OTCMKTS:ASHTY – Get Rating) have received a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $4,005.75.

A number of brokerages have recently weighed in on ASHTY. Royal Bank of Canada lifted their price objective on Ashtead Group from GBX 4,900 ($63.75) to GBX 4,950 ($64.40) in a research report on Wednesday, March 9th. Peel Hunt upgraded Ashtead Group to a “hold” rating in a research report on Tuesday, March 15th. Zacks Investment Research upgraded Ashtead Group from a “hold” rating to a “buy” rating and set a $303.00 price target on the stock in a research report on Wednesday, February 16th. Exane BNP Paribas upgraded Ashtead Group from a “neutral” rating to an “outperform” rating and set a GBX 6,000 ($78.06) price target on the stock in a research report on Thursday, March 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Ashtead Group from GBX 5,230 ($68.05) to GBX 4,770 ($62.06) in a research report on Wednesday, April 13th.

Shares of ASHTY stock opened at $239.20 on Tuesday. The firm has a market cap of $26.57 billion, a P/E ratio of 22.65 and a beta of 1.66. Ashtead Group has a fifty-two week low of $236.60 and a fifty-two week high of $349.69. The business’s 50 day moving average price is $263.21 and its 200-day moving average price is $300.41. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.18 and a current ratio of 1.29.

Ashtead Group (OTCMKTS:ASHTY – Get Rating) last issued its quarterly earnings data on Tuesday, March 8th. The company reported $2.90 earnings per share for the quarter. The firm had revenue of $2 billion for the quarter. Ashtead Group had a return on equity of 27.56% and a net margin of 15.46%. As a group, equities analysts predict that Ashtead Group will post 11.85 EPS for the current year.

About Ashtead Group (Get Rating)

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It offers range of products and services, such as general tools, air compressors and accessories, compaction and earth moving, climate control services, power and HVAC, pump solutions, remediation and restoration, flooring solutions, and lighting and grip.

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