Ashtead Group (LON:AHT) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Ashtead Group (LON:AHT) in a report issued on Monday morning, Marketbeat Ratings reports. They currently have a GBX 7,000 ($91.41) price objective on the stock.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,150 ($80.31) price target on shares of Ashtead Group in a research note on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 6,500 ($84.88) target price on shares of Ashtead Group in a research report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,537.86 ($72.31).

Ashtead Group Price Performance

Shares of LON:AHT opened at GBX 5,898 ($77.02) on Monday. The firm’s 50 day moving average price is GBX 5,446.98 and its 200-day moving average price is GBX 5,520.06. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 145.75. The stock has a market capitalization of £25.76 billion, a PE ratio of 2,225.66, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. Ashtead Group has a twelve month low of GBX 4,437 ($57.94) and a twelve month high of GBX 6,180 ($80.70).

About Ashtead Group

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.