Reaffirmed: Ashtead Group (LON:AHT) Buy Rating Reiterated by Investec; GBX 1500 Target in Place

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Ashtead Group (LON:AHT) Rating Reaffirmed

Ashtead Group (LON:AHT) just had their share rating of a ‘Buy’ issued by research analysts at Investec, who now has a GBX 1500 TP on the 5.51 billion GBP market cap company or a 38.25% upside potential. This key information was revealed to clients and investors in an analyst note on 3 December.

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 24.48% above today’s (GBX 1081) 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 740,345 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.

Reaffirmed: Ashtead Group (LON:AHT) Buy Rating Reiterated by Investec; GBX 1500 Target in Place

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 5.51 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 16.49 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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