Analysts at JP Morgan Cazenove Kept their “Overweight” rating for Ashtead Group PLC (LON:AHT) with GBX 1430.00 Price Target

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JP Morgan Analyst Rating Change Ashtead Group PLC LON:AHT

Ashtead Group PLC (LON:AHT) Rating Maintained

JP Morgan Cazenove currently has a GBX 1430.00 target price on the 6.77B GBP market cap company or 5.26 % upside potential. In a research report sent to investors and clients on Friday, 14 October, Ashtead Group PLC (LON:AHT) stock had its “Overweight” Rating reiterated by equity analysts at JP Morgan Cazenove.

LON:AHT is at the moment trading 0.67% higher at GBX 1356.00 as of 02:26 London time. Ashtead Group PLC’s stock is up 25.21% in the past 200 days. It has outperformed the S&P500 Index, which has added 2.61% in the same time period.

Out of 15 brokers covering Ashtead Group PLC, 11 rate it a Buy, 3 indicate a Hold while 2 suggest a Sell. The highest target is GBX 1385 and the lowest is GBX 660 according to Thomson/First Call. The 12-month mean target is GBX 1077, which means downside potential of 20.58% over the current price.

LON:AHT Price Chart & Trend

The stock price of Ashtead Group PLC risen 25.21% over the last 200 days, and is in very strong up trend. In the last 50 and 100 days, Ashtead Group PLC is up 18.76% and up 38.08%, respectively. Our stocks momentum model is shown on the price chart below.Analysts at JP Morgan Cazenove Kept their "Overweight" rating for Ashtead Group PLC (LON:AHT) with GBX 1430.00 Price Target

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

AHT Stock Chart

Ashtead Group PLC (LON:AHT) Profile

Ashtead Group plc is an equipment rental company. The Company rents a range of construction and industrial equipment across a range of applications to a diverse customer base. The Company’s segments include Sunbelt and A-Plant.

Ashtead Group PLC (LON:AHT) traded up 0.67% on 14 October, hitting GBX 1356. A total of 219,284 shares of the company’s stock traded hands. This is down from average of 2.59 million shares. Ashtead Group PLC has a 52 week low of GBX 749.00 and a 52 week high of GBX 1378.93. The company has a market cap of 6.77 billion GBX and a P/E ratio of 16.13.

Get the latest Ashtead Group PLC (LON:AHT) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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