Ashtead Group PLC (LON:AHT) Receives a Lower Rating From Exane BNP Paribas. Will This be Detrimental to the Share Price?


Ashtead Group PLC (LON:AHT) Receives a Downgrade

Just today Ashtead Group PLC (LON:AHT) has been downgraded by investment analysts working for Exane BNP Paribas to a solid Neutral rating. This was announced in a analysts note shared with investors on 3 December. The firm currently has a GBX 1100.00 price target on shares. Exane BNP Paribas’s price target may suggest a possible upside of 0.92%.

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 23.14% above today’s (GBX 1092.72) 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.

The stock decreased 1.20% or GBX 13.28 on December 2, striking GBX 1092.72. Approximately 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.

 Ashtead Group PLC (LON:AHT) Receives a Lower Rating From Exane BNP Paribas. Will This be Detrimental to the Share Price?

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 5.57 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 16.67 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).