Ashtead Group (AHT) PT Lowered to GBX 1,900 at Deutsche Bank

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Ashtead Group (LON:AHT) had its target price trimmed by Deutsche Bank from GBX 2,025 ($26.46) to GBX 1,900 ($24.83) in a report published on Wednesday morning. The firm currently has a hold rating on the stock.

A number of other analysts have also weighed in on AHT. Peel Hunt reaffirmed a buy rating on shares of Ashtead Group in a research note on Tuesday, September 11th. Liberum Capital reaffirmed a buy rating on shares of Ashtead Group in a research note on Tuesday, September 11th. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 2,750 ($35.93) price objective on shares of Ashtead Group in a research note on Tuesday, September 11th. Berenberg Bank reaffirmed a hold rating and issued a GBX 2,150 ($28.09) price objective on shares of Ashtead Group in a research note on Tuesday, September 11th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Ashtead Group in a research note on Wednesday, September 12th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of GBX 2,313.85 ($30.23).

LON AHT opened at GBX 1,883 ($24.60) on Wednesday. Ashtead Group has a 12 month low of GBX 1,476 ($19.29) and a 12 month high of GBX 2,185 ($28.55).

Ashtead Group (LON:AHT) last posted its quarterly earnings results on Tuesday, December 11th. The company reported GBX 98.80 ($1.29) EPS for the quarter.

The company also recently declared a dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Thursday, January 17th will be given a dividend of GBX 6.50 ($0.08) per share. This represents a dividend yield of 0.39%. The ex-dividend date of this dividend is Thursday, January 17th.

In other news, insider Ian Sutcliffe purchased 13,933 shares of the firm’s stock in a transaction on Friday, October 26th. The stock was acquired at an average cost of GBX 1,794 ($23.44) per share, with a total value of £249,958.02 ($326,614.43).

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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