Ashtead Group (LON:AHT) Rating Reaffirmed
London: In an analyst note issued to clients and investors on Wednesday morning, Peel Hunt Limited reaffirmed their Buy rating on Ashtead Group (LON:AHT) shares. They now have a GBX 1450.00 target price on the firm. Peel Hunt Limited’s target may imply a potential upside of 29.46% from the company’s last stock 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 1286.13 with a 21.29% above today’s (GBX 1102.5) stock price. Ashtead Group PLC was the topic of 30 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Investec maintained shares on December 3 with “Buy” rating. Stifel Nicolaus maintained shares with “Buy” rating and GBX 1500 target share price in a report from a November 23. Peel Hunt maintained AHT stock in a recent report from December 2 with “Buy” rating. JP Morgan maintained the rating on October 23. JP Morgan has a “Overweight” rating and a GBX 1240 price target on shares. Finally, Jefferies maintained the stock with “Buy” rating in a report issued on a November 24.
The stock increased 6.94% or GBX 71.5 on December 9, striking GBX 1102.5. Approximately 4.87 million shares of stock traded hands or 208.23% up from the average. Ashtead Group plc (LON:AHT) has declined 9.48% since May 12, 2015 and is downtrending. It has underperformed by 8.69% the S&P500.
The overall sentiment of institutions has decreased to 0.97 in Q2 2015. Its down 0.26, from 1.23 in 2015Q2. The ratio is negative, as 30 institutions have sold all the shares of Ashtead Group plc that they owned while 56 funds have taken shares off the table. 20 funds have purchased shares for the first time while 63 added to their positions. These institutions now hold 87.86 million shares or 9.02% more than the 80.59 million shares they owned in 2015Q2.
The Fund Bhr Capital Llc currently is holding shares equating to 2.5% of its total portfolio in Ashtead Group plc representing a total of 2.81 million shares. Another fund,Rutabaga Capital Management Llc Ma, is holding a total of 2.31 million shares equating to 1.73% of their holdings. Additionally, Gratia Capital Llc has a 1.56 million share stake in Ashtead Group plc which represents 1.64% of their total portfolio. The Fund, Sorin Capital Management Llc, based out of Connecticut, has also built up a stake in the stock, which represents a total of 1.11% of their total portfolio. Finally Cue Financial Group Inc., a fund which is based in the state of Arizona reported a total holdings of 73,450 shares.
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 5.67 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 16.82 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).