Ashtead Group (LON:AHT) Earns “Buy” Rating from Jefferies Financial Group

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

Other analysts also recently issued reports about the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 7,000 ($88.38) price target on shares of Ashtead Group in a research note on Monday, October 14th. JPMorgan Chase & Co. boosted their price objective on Ashtead Group from GBX 6,600 ($83.33) to GBX 7,300 ($92.17) and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 6,500 ($82.07) price target on shares of Ashtead Group in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 6,550 ($82.70).

Ashtead Group Price Performance

Shares of Ashtead Group stock traded down GBX 94.14 ($1.19) during trading on Monday, hitting GBX 5,112 ($64.55). 10,536,880 shares of the stock traded hands, compared to its average volume of 1,106,274. The stock has a market cap of £22.33 billion, a price-to-earnings ratio of 1,929.06, a PEG ratio of 1.32 and a beta of 1.22. The firm’s fifty day moving average is GBX 5,998.79 and its 200-day moving average is 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 52 week low of GBX 4,711 ($59.48) and a 52 week high of GBX 6,448 ($81.41).

Insider Buying and Selling

In other news, insider Brendan Horgan purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of GBX 5,320 ($67.17) per share, for a total transaction of £212,800 ($268,686.87). Also, insider Lucinda Riches sold 1,000 shares of the business’s stock in a transaction that occurred 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 company 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.