Published On: Sat, Sep 10th, 2016

Ashtead Group plc’s (AHT) “Sell” Rating Reaffirmed at Deutsche Bank AG

Ashtead Group plc (LON:AHT)‘s stock had its “sell” rating reiterated by equities research analysts at Deutsche Bank AG in a research note issued to investors on Thursday. They presently have a GBX 710 ($9.46) price objective on the stock. Deutsche Bank AG’s price target would indicate a potential downside of 42.42% from the stock’s current price.
A number of other analysts also recently weighed in on AHT. Credit Suisse Group AG restated an “underperform” rating on shares of Ashtead Group plc in a report on Friday, May 13th. BNP Paribas upgraded Ashtead Group plc to an “outperform” rating and increased their price objective for the company from GBX 900 ($11.99) to GBX 1,050 ($13.99) in a report on Tuesday, May 17th. Jefferies Group restated a “buy” rating and issued a GBX 1,385 ($18.45) price objective on shares of Ashtead Group plc in a report on Thursday, May 26th. Peel Hunt reiterated a “buy” rating and set a GBX 1,450 ($19.31) price target on shares of Ashtead Group plc in a report on Tuesday, June 14th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,140 ($15.18) price target on shares of Ashtead Group plc in a report on Wednesday, June 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 1,183 ($15.76).
Ashtead Group plc (LON:AHT) traded down 4.42% during mid-day trading on Thursday, reaching GBX 1233.00. The company had a trading volume of 2,533,491 shares. Ashtead Group plc has a one year low of GBX 749.00 and a one year high of GBX 1,378.93. The stock has a 50 day moving average price of GBX 1,223.77 and a 200 day moving average price of GBX 1,004.79. The company’s market capitalization is GBX 6.18 billion.

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The firm also recently declared a dividend, which was paid on Friday, September 9th. Investors of record on Thursday, August 11th were given a GBX 18.50 ($0.25) dividend. This is a boost from Ashtead Group plc’s previous dividend of $4.00. The ex-dividend date of this dividend was Thursday, August 11th. This represents a yield of 1.88%.
In related news, insider Cole,Christopher sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of GBX 1,186 ($15.80), for a total value of £296,500 ($394,912.09). Also, insider Edmunds,Wayne purchased 7,000 shares of the company’s stock in a transaction that occurred on Monday, July 4th. The stock was acquired at an average cost of GBX 1,079 ($14.37) per share, for a total transaction of £75,530 ($100,599.36).
Ashtead Group plc Company Profile
Ashtead Group plc is a United Kingdom-based equipment rental company with networks in the United States and the United Kingdom. The Company 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 (Eve), which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services, and FLG (lifting) services.

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