Berenberg Bank started coverage on shares of Ashtead Group (LON:AHT – Free Report) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating and a GBX 7,000 ($92.47) price target on the stock.
A number of other equities research analysts have also recently commented on AHT. Deutsche Bank Aktiengesellschaft reiterated a buy rating and issued a GBX 6,500 ($85.87) price target on shares of Ashtead Group in a research note on Wednesday, September 4th. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 6,150 ($81.24) price objective on shares of Ashtead Group in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of GBX 5,537.86 ($73.16).
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Ashtead Group Stock Performance
Insider Buying and Selling
In related news, insider Lucinda Riches sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of GBX 5,480 ($72.39), for a total value of £219,200 ($289,564.07). In other Ashtead Group news, insider Lucinda Riches sold 4,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of GBX 5,480 ($72.39), for a total value of £219,200 ($289,564.07). Also, insider Brendan Horgan sold 37,063 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of GBX 5,112 ($67.53), for a total value of £1,894,660.56 ($2,502,854.11). Corporate insiders own 0.64% of the company’s stock.
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.
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