Ashtead Group (LON:AHT) Rating Reaffirmed
Exane BNP Paribas now has a GBX 1100 Estimated Target Price on the 5.52 billion GBP market cap company or -1.70% downside potential. In a very recent research note shared with investors and clients on 16 December, Ashtead Group (LON:AHT) shares have had their “Neutral” Rating kept steady by equity research analysts at Exane BNP Paribas.
From a total of 14 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 1294.5 with a 19.79% above today’s (GBX 1119) stock price. Ashtead Group PLC was the topic of 38 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus maintained shares on December 14 with “Buy” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 1413 target share price in a report from a December 10. BNP Paribas maintained AHT stock in a recent report from December 10 with “Neutral” rating. Peel Hunt maintained the rating on December 9. Peel Hunt has a “Buy” rating and a GBX 1450 price target on shares. Finally, JP Morgan maintained the stock with “Overweight” rating in a report issued on a December 10.
Approximately 969,702 shares of stock traded hands. Ashtead Group plc (LON:AHT) has declined 8.10% since May 19, 2015 and is downtrending. It has underperformed by 5.48% 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 dropped, 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 5.52 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 15.81 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.”