According to Zacks, “Ashtead Group Plc is an equipment company which provides rental solutions primarily in United States and United Kingdom. The company’s operating segments consists of Sunbelt Rentals and A-Plant. Sunbelt Rentals provides pump and power, climate control and scaffolding services. A-Plant business operates through Eve Trakway Limited, which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services and FLG services. Ashtead Group Plc is headquartered in London, the United Kingdom. “
A number of other research analysts have also issued reports on the company. Royal Bank of Canada lifted their target price on Ashtead Group from GBX 4,900 ($60.41) to GBX 4,950 ($61.03) in a report on Wednesday, March 9th. Peel Hunt raised Ashtead Group to a “hold” rating in a report on Tuesday, March 15th. Deutsche Bank Aktiengesellschaft decreased their price target on Ashtead Group from GBX 5,230 ($64.48) to GBX 4,770 ($58.81) in a report on Wednesday, April 13th. Exane BNP Paribas raised Ashtead Group from a “neutral” rating to an “outperform” rating and set a GBX 6,000 ($73.97) price target for the company in a report on Thursday, March 17th. Finally, JPMorgan Chase & Co. decreased their price target on Ashtead Group from GBX 6,500 ($80.14) to GBX 6,100 ($75.21) in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $4,424.60.
Ashtead Group (OTCMKTS:ASHTY – Get Rating) last released its earnings results on Tuesday, March 8th. The company reported $2.90 earnings per share (EPS) for the quarter. The firm had revenue of $2 billion during the quarter. Ashtead Group had a return on equity of 27.56% and a net margin of 15.46%. As a group, sell-side analysts expect 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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