Ashtead Group plc (LON:AHT) Given Average Rating of “Hold” by Brokerages

Shares of Ashtead Group plc (LON:AHT) have earned a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 5,460.

A number of brokerages have issued reports on AHT. Jefferies Financial Group downgraded Ashtead Group to a “hold” rating and decreased their price target for the stock from GBX 5,900 to GBX 5,700 in a report on Thursday, September 11th. JPMorgan Chase & Co. reissued a “no recommendation” rating on shares of Ashtead Group in a research report on Thursday, November 6th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 5,000 price target on shares of Ashtead Group in a report on Monday. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 4,600 target price on shares of Ashtead Group in a research report on Friday, November 7th.

Ashtead Group Stock Up 0.6%

Shares of AHT stock traded up GBX 28.80 on Monday, reaching GBX 5,174. 9,584,214 shares of the stock were exchanged, compared to its average volume of 4,372,666. The company has a market capitalization of £21.63 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 1.32 and a beta of 1.22. The business’s 50 day moving average price is GBX 4,968.62 and its 200 day moving average price is GBX 4,949.82. 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 twelve month low of GBX 3,477 and a twelve month high of GBX 5,616.

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.