Jefferies Financial Group Reaffirms Buy Rating for Ashtead Group (LON:AHT)

Ashtead Group (LON:AHT)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a report issued on Wednesday, LSE.Co.UK reports. They currently have a GBX 6,150 ($77.25) price objective on the stock. Jefferies Financial Group’s target price suggests a potential upside of 8.39% from the company’s current price.

AHT has been the topic of several other research reports. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 6,800 ($85.42) target price on shares of Ashtead Group in a research report on Friday, February 16th. Royal Bank of Canada cut their target price on shares of Ashtead Group from GBX 5,300 ($66.57) to GBX 5,100 ($64.06) and set a “sector perform” rating on the stock in a research note on Tuesday, March 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 4,603.13 ($57.82).

Ashtead Group Price Performance

Shares of LON AHT traded down GBX 168 ($2.11) during mid-day trading on Wednesday, hitting GBX 5,674 ($71.27). 432,172 shares of the stock traded hands, compared to its average volume of 823,316. The company has a market cap of £24.82 billion, a PE ratio of 1,943.15, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. The company has a debt-to-equity ratio of 162.35, a current ratio of 1.36 and a quick ratio of 1.13. The firm has a 50 day simple moving average of GBX 5,544.44 and a two-hundred day simple moving average of GBX 5,220.90. Ashtead Group has a twelve month low of GBX 4,437 ($55.73) and a twelve month high of GBX 6,144 ($77.18).

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.