Jefferies Financial Group Reiterates Buy Rating for Ashtead Group (LON:AHT)

Ashtead Group (LON:AHT)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a note issued to investors on Monday,Digital Look reports. They currently have a GBX 6,800 ($85.86) price objective on the stock. Jefferies Financial Group’s price target indicates a potential upside of 33.02% from the company’s previous close.

AHT has been the topic of several other reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 6,500 ($82.07) price target on shares of Ashtead Group in a research report on Wednesday, September 4th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 7,000 ($88.38) price target on shares of Ashtead Group in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. upped their target price on Ashtead Group from GBX 6,600 ($83.33) to GBX 7,300 ($92.17) and gave the stock an “overweight” rating in a research note on Friday, December 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 6,550 ($82.70).

Ashtead Group Stock Down 1.8 %

LON:AHT traded down GBX 94.14 ($1.19) during mid-day trading on Monday, reaching GBX 5,112 ($64.55). The company’s stock had a trading volume of 10,536,880 shares, compared to its average volume of 1,106,274. The stock has a fifty day moving average of GBX 5,998.79 and a 200-day moving average of GBX 5,604.65. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 145.75. Ashtead Group has a 1 year low of GBX 4,711 ($59.48) and a 1 year high of GBX 6,448 ($81.41). The firm has a market capitalization of £22.33 billion, a PE ratio of 1,929.06, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22.

Insider Buying and Selling at Ashtead Group

In related news, insider Brendan Horgan acquired 4,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average cost of GBX 5,320 ($67.17) per share, with a total value of £212,800 ($268,686.87). Also, insider Lucinda Riches sold 1,000 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of GBX 5,880 ($74.24), for a total transaction of £58,800 ($74,242.42). 0.64% of the stock is currently owned by corporate insiders.

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.