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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/10/ashtead-group-plcs-aht-sell-rating-reaffirmed-at-deutsche-bank-ag.html

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.

Receive News & Ratings for Ashtead Group plc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ashtead Group plc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>