Brokerages Set Ashtead Group plc (LON:AHT) Target Price at GBX 4,637.86

Ashtead Group plc (LON:AHT) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 5,537.86 ($73.16).

A number of analysts have recently issued reports on AHT shares. Berenberg Bank initiated coverage on shares of Ashtead Group in a research note on Wednesday, September 18th. They issued a “buy” rating and a GBX 7,000 ($92.47) price objective for the company. 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. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 6,150 ($81.24) price target on shares of Ashtead Group in a report on Tuesday, September 3rd.

Insider Buying and Selling at Ashtead Group

In other Ashtead Group news, insider Brendan Horgan sold 37,063 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of GBX 5,112 ($67.53), for a total transaction of £1,894,660.56 ($2,502,854.11). In other Ashtead Group news, insider Renata Ribeiro bought 160 shares of Ashtead Group stock in a transaction dated Monday, July 1st. The shares were purchased at an average cost of GBX 5,273 ($69.66) per share, for a total transaction of £8,436.80 ($11,145.05). Also, insider Brendan Horgan sold 37,063 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of GBX 5,112 ($67.53), for a total transaction of £1,894,660.56 ($2,502,854.11). Insiders own 0.64% of the company’s stock.

Ashtead Group Trading Down 1.2 %

Shares of LON:AHT opened at GBX 5,558 ($73.42) on Monday. The stock has a 50 day moving average of GBX 5,308.48 and a 200 day moving average of GBX 5,466.76. The company has a market cap of £24.28 billion, a PE ratio of 2,107.12, a price-to-earnings-growth ratio of 1.29 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 company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 145.75.

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.