Ashtead Group (LON:AHT) Coverage Initiated at Berenberg Bank

Berenberg Bank began coverage on shares of Ashtead Group (LON:AHT) in a report issued on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a GBX 7,000 ($92.47) price target on the stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group restated a buy rating and set a GBX 6,150 ($81.24) price objective on shares of Ashtead Group in a research report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft reissued a buy rating and set a GBX 6,500 ($85.87) target price on shares of Ashtead Group in a research note on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of GBX 5,537.86 ($73.16).

Ashtead Group Stock Down 2.7 %

Ashtead Group stock opened at GBX 5,626 ($74.32) on Wednesday. The company has a debt-to-equity ratio of 145.75, a current ratio of 1.17 and a quick ratio of 1.13. The stock has a market capitalization of £24.57 billion, a PE ratio of 2,062.73, a price-to-earnings-growth ratio of 1.20 and a beta of 1.22. The business has a 50 day simple moving average of GBX 5,299.36 and a 200-day simple moving average of GBX 5,465.55. Ashtead Group has a 12 month low of GBX 4,437 ($58.61) and a 12 month high of GBX 6,180 ($81.64).

Insiders Place Their Bets

In other Ashtead Group news, insider Renata Ribeiro bought 160 shares of Ashtead Group stock in a transaction dated Monday, July 1st. The stock was acquired at an average cost of GBX 5,273 ($69.66) per share, for a total transaction of £8,436.80 ($11,145.05). In related news, insider Renata Ribeiro bought 160 shares of the stock in a transaction dated Monday, July 1st. The shares were acquired 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 stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of GBX 5,112 ($67.53), for a total value of £1,894,660.56 ($2,502,854.11). 0.64% of the stock is currently owned by corporate insiders.

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.