Ashtead Group (LON:AHT) Earns Buy Rating from Analysts at Berenberg Bank

Berenberg Bank started coverage on shares of Ashtead Group (LON:AHT) 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).

Ashtead Group Stock Performance

Shares of AHT opened at GBX 5,626 ($74.32) on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 145.75. The firm has a market cap of £24.57 billion, a PE ratio of 2,062.73, a P/E/G ratio of 1.20 and a beta of 1.22. Ashtead Group has a 12 month low of GBX 4,437 ($58.61) and a 12 month high of GBX 6,180 ($81.64). The stock has a fifty day moving average price of GBX 5,299.36 and a 200-day moving average price of GBX 5,465.55.

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.