Published On: Thu, Sep 8th, 2016

Peel Hunt Reiterates “Buy” Rating for Ashtead Group plc (AHT)

Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a research note issued on Wednesday. They currently have a GBX 1,350 ($17.98) target price on the stock. Peel Hunt’s price target points to a potential upside of 3.85% from the company’s previous close.
In related news, insider Edmunds,Wayne acquired 7,000 shares of Ashtead Group plc stock in a transaction on Monday, July 4th. The stock was purchased at an average cost of GBX 1,079 ($14.37) per share, with a total value of £75,530 ($100,599.36). Also, insider Cole,Christopher sold 25,000 shares of the company’s stock in a transaction that occurred on 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).
Shares of Ashtead Group plc (LON:AHT) traded up 3.34% during trading on Wednesday, reaching GBX 1300.00. The company’s stock had a trading volume of 6,353,589 shares. The company’s market capitalization is GBX 6.52 billion. The stock has a 50 day moving average of GBX 1,216.39 and a 200-day moving average of GBX 1,002.76. Ashtead Group plc has a 1-year low of GBX 749.00 and a 1-year high of GBX 1,378.93.

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/2016/09/07/peel-hunt-reiterates-buy-rating-for-ashtead-group-plc-aht.html

The business also recently disclosed a dividend, which will be paid on Friday, September 9th. Shareholders of record on Thursday, August 11th will be paid a dividend of GBX 18.50 ($0.25) per share. This is an increase from Ashtead Group plc’s previous dividend of $4.00. This represents a yield of 1.88%. The ex-dividend date of this dividend is Thursday, August 11th.
Several other research firms have also recently commented on AHT. JPMorgan Chase & Co. boosted their target price on Ashtead Group plc from GBX 1,140 ($15.18) to GBX 1,340 ($17.85) and gave the stock an “overweight” rating in a research note on Monday. Jefferies Group reissued a “buy” rating and set a GBX 1,385 ($18.45) target price on shares of Ashtead Group plc in a research note on Thursday, September 1st. Deutsche Bank AG boosted their target price on Ashtead Group plc from GBX 700 ($9.32) to GBX 710 ($9.46) and gave the stock a “sell” rating in a research note on Friday, August 19th. BNP Paribas reissued a “neutral” rating and set a GBX 1,050 ($13.99) target price on shares of Ashtead Group plc in a research note on Monday, August 15th. Finally, HSBC boosted their target price on Ashtead Group plc from GBX 970 ($12.92) to GBX 1,225 ($16.32) and gave the stock a “hold” rating in a research note on Monday, August 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of GBX 1,175.38 ($15.66).
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>