HSBC Reiterates Hold Rating for Ashtead Group (LON:AHT)

Ashtead Group (LON:AHT)‘s stock had its “hold” rating reiterated by equities research analysts at HSBC in a report issued on Monday, ThisIsMoney.Co.Uk reports.

Several other analysts have also recently commented on AHT. Royal Bank of Canada dropped their price target on Ashtead Group from GBX 2,800 ($36.83) to GBX 2,600 ($34.20) and set an “outperform” rating for the company in a research report on Friday. Peel Hunt reiterated a “buy” rating on shares of Ashtead Group in a research report on Monday, December 9th. Deutsche Bank boosted their price target on Ashtead Group from GBX 2,030 ($26.70) to GBX 2,230 ($29.33) and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Liberum Capital dropped their price target on Ashtead Group from GBX 2,678 ($35.23) to GBX 2,616 ($34.41) and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, UBS Group boosted their price target on Ashtead Group from GBX 2,250 ($29.60) to GBX 2,400 ($31.57) and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 2,532.33 ($33.31).

Ashtead Group stock opened at GBX 2,486 ($32.70) on Monday. The stock has a market capitalization of $11.14 billion and a PE ratio of 14.08. Ashtead Group has a 12 month low of GBX 1,716 ($22.57) and a 12 month high of GBX 2,468 ($32.47). The business has a 50 day simple moving average of GBX 2,383.24 and a 200-day simple moving average of GBX 2,278.02. The company has a debt-to-equity ratio of 181.56, a current ratio of 1.22 and a quick ratio of 1.12.

About Ashtead Group

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

Featured Article: Municipal Bonds

Analyst Recommendations for Ashtead Group (LON:AHT)

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