Jefferies Financial Group Downgrades Ashtead Group (LON:AHT) to Hold

Ashtead Group (LON:AHT) was downgraded by research analysts at Jefferies Financial Group to a “hold” rating in a report released on Thursday,London Stock Exchange reports. They currently have a GBX 5,700 target price on the stock, down from their previous target price of GBX 5,900. Jefferies Financial Group’s price target points to a potential upside of 6.11% from the stock’s current price.

Separately, UBS Group restated a “neutral” rating and set a GBX 5,000 target price on shares of Ashtead Group in a report on Friday, August 15th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 5,825.

Ashtead Group Stock Performance

Shares of AHT stock opened at GBX 5,372 on Thursday. The company has a debt-to-equity ratio of 146.30, a quick ratio of 1.13 and a current ratio of 1.31. Ashtead Group has a fifty-two week low of GBX 3,477 and a fifty-two week high of GBX 6,448. The stock has a 50 day moving average price of GBX 5,125.03 and a two-hundred day moving average price of GBX 4,564.67. The company has a market capitalization of £22.75 billion, a P/E ratio of 1,553.50, a PEG ratio of 1.32 and a beta of 1.22.

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.