Ashtead Group plc (LON:AHT – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 6,384 ($83.10) and last traded at GBX 6,296 ($81.96), with a volume of 119581023 shares. The stock had previously closed at GBX 5,968 ($77.69).
Wall Street Analyst Weigh In
AHT has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 6,500 ($84.61) price objective on shares of Ashtead Group in a report on Wednesday, September 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 6,150 ($80.06) price target on shares of Ashtead Group in a report on Tuesday, September 3rd. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 7,000 ($91.12) price objective on shares of Ashtead Group in a report on Monday, October 14th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Ashtead Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,537.86 ($72.09).
Read Our Latest Stock Report on Ashtead Group
Ashtead Group Price Performance
Insider Activity
In related news, insider Lucinda Riches sold 1,000 shares of Ashtead Group stock in a transaction on Thursday, October 17th. The shares were sold at an average price of GBX 5,880 ($76.54), for a total transaction of £58,800 ($76,542.57). 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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