Investec Has Just Reaffirmed GBX 1500.00 Target Price Per Share on Ashte

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Ashtead Group PLC (LON:AHT) Rating Reaffirmed

London: In analysts note sent to investors and clients on 3 December, Investec reconfirmed their “Buy” rating on Ashtead Group PLC (LON:AHT) shares. They now have a GBX 1500.00 target on the company. Investec’s target may suggest a potential upside of 38.06% from the company’s closing share price.

From a total of 15 analysts covering Ashtead Group PLC (LON:AHT) stock, 13 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 87% of the ratings are positive. The highest target price is GBX 1500 while the lowest target price is GBX 835. The mean of all analyst targets is GBX 1309.47 with a 23.79% above today’s (GBX 1087) stock price. Ashtead Group PLC was the topic of 28 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Peel Hunt maintained shares on December 2 with “Buy” rating. JP Morgan maintained shares with “Overweight” rating and GBX 1240 target share price in a report from an October 23. Jefferies maintained AHT stock in a recent report from November 24 with “Buy” rating. J.P. Morgan maintained the rating on October 22. J.P. Morgan has a “Overweight” rating and a GBX 1240 price target on shares. Finally, BNP Paribas maintained the stock with “Outperform” rating in a report issued on a November 17.

Approximately 585,292 shares of stock traded hands. Ashtead Group plc (LON:AHT) has declined 2.12% since May 6, 2015 and is downtrending. It has underperformed by 1.84% the S&P500.

Investec Has Just Reaffirmed GBX 1500.00 Target Price Per Share on Ashtead Group PLC (LON:AHT) stock, While They’ve Also Reiterated Their

Ashtead Group plc is a United Kingdom equipment rental firm with networks in the United States and the United Kingdom. The company has a market cap of 5.54 billion GBP. The Firm operates through two business units: Sunbelt, which provides pump and power, climate control and scaffolding service, and A-Plant business, which operates through Eve Trakway Limited , which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services, and FLG (lifting) services. It has 16.59 P/E ratio. Both the units are also engaged in general equipment and related businesses.

According to Zacks Investment Research, “Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements.” Get a free copy of the Zacks research report on Ashtead Group plc (AHT).

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