Ashtead Group (LON:AHT – Get Rating)‘s stock had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research note issued on Monday, Marketbeat Ratings reports. They currently have a GBX 6,100 ($74.04) target price on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 78.89% from the company’s previous close.
Several other equities research analysts also recently issued reports on the stock. Royal Bank of Canada upgraded shares of Ashtead Group to an “outperform” rating and lowered their price objective for the stock from GBX 4,950 ($60.08) to GBX 4,625 ($56.14) in a research note on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 4,136 ($50.20) price target on shares of Ashtead Group in a research note on Wednesday, June 15th. Morgan Stanley reiterated an “equal weight” rating on shares of Ashtead Group in a research note on Wednesday, March 9th. Barclays decreased their price target on shares of Ashtead Group from GBX 6,650 ($80.71) to GBX 5,940 ($72.10) and set an “overweight” rating on the stock in a research note on Tuesday, March 8th. Finally, Liberum Capital reiterated a “hold” rating and set a GBX 5,050 ($61.29) price target on shares of Ashtead Group in a research note on Thursday, March 10th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 5,393.88 ($65.47).
Shares of Ashtead Group stock traded down GBX 103 ($1.25) during midday trading on Monday, hitting GBX 3,410 ($41.39). The company had a trading volume of 332,574 shares, compared to its average volume of 1,137,313. The business’s 50 day simple moving average is GBX 4,106.87 and its two-hundred day simple moving average is GBX 4,918.61. The stock has a market cap of £15.10 billion and a PE ratio of 16.02. The company has a debt-to-equity ratio of 140.35, a current ratio of 1.29 and a quick ratio of 1.18. Ashtead Group has a 1-year low of GBX 3,392 ($41.17) and a 1-year high of GBX 6,572 ($79.77).
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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