Ashtead Group (LON:AHT) Stock Rating Reaffirmed by Deutsche Bank Aktiengesellschaft

Ashtead Group (LON:AHT)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Tuesday, Marketbeat.com reports. They currently have a GBX 6,800 ($85.43) price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 17.48% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,150 ($77.26) target price on shares of Ashtead Group in a research report on Wednesday, May 1st. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 6,800 ($85.43) price objective on shares of Ashtead Group in a research report on Friday, February 16th. Finally, Royal Bank of Canada cut their target price on shares of Ashtead Group from GBX 5,300 ($66.58) to GBX 5,100 ($64.07) and set a “sector perform” rating on the stock in a research report on Tuesday, March 12th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,895.63 ($61.50).

Ashtead Group Trading Up 0.3 %

Shares of AHT stock opened at GBX 5,788 ($72.71) on Tuesday. The company has a debt-to-equity ratio of 162.35, a quick ratio of 1.13 and a current ratio of 1.36. Ashtead Group has a fifty-two week low of GBX 4,437 ($55.74) and a fifty-two week high of GBX 6,144 ($77.19). The company has a market cap of £25.26 billion, a PE ratio of 1,968.71, a P/E/G ratio of 1.25 and a beta of 1.31. The stock’s fifty day moving average price is GBX 5,571.68 and its two-hundred day moving average price is GBX 5,254.85.

About Ashtead Group

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.