Ashtead Group (LON:AHT) Earns Neutral Rating from UBS Group

Ashtead Group (LON:AHT)‘s stock had its “neutral” rating restated by research analysts at UBS Group in a report released on Friday, Marketbeat.com reports. They currently have a GBX 5,000 ($67.77) price objective on the stock. UBS Group’s price objective points to a potential downside of 6.16% from the stock’s previous close.

Separately, Royal Bank Of Canada cut Ashtead Group to a “sector perform” rating and lowered their target price for the stock from GBX 6,750 ($91.49) to GBX 4,125 ($55.91) in a report on Tuesday, April 29th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ashtead Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 6,120.83 ($82.96).

Ashtead Group Price Performance

AHT stock opened at GBX 5,328 ($72.21) on Friday. The stock has a 50-day moving average price of GBX 4,776.50 and a two-hundred day moving average price of GBX 4,515.70. The stock has a market cap of £29.09 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. The company has a current ratio of 1.31, a quick ratio of 1.13 and a debt-to-equity ratio of 146.30. Ashtead Group has a 1 year low of GBX 3,477 ($47.13) and a 1 year high of GBX 6,448 ($87.39).

Ashtead Group Company Profile

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 provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.