Note from Ashtead Group (LON: AHT) reiterated by JPMorgan Chase & Co.

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Ashtead Group (LON: AHT)JPMorgan Chase & Co. stock reiterated its “overweight” rating in a research note released Wednesday, PriceTargets.com reports. They currently have a GBX 6,500 ($ 85.90) ​​price target on the stock. JPMorgan Chase & Co.’s price target suggests a potential rise of 9.17% from the share’s previous close.

A number of other stock analysts have also recently published reports on the company. Berenberg Bank reiterated a “hold” rating on Ashtead Group shares in a report released on Friday, October 1. Deutsche Bank Aktiengesellschaft increased its price target on Ashtead Group from 5,570 GBX ($ 73.61) to 5,850 GBX ($ 77.31) and gave the stock a “conservation” rating in a published report Wednesday, December 1. Royal Bank of Canada increased its price target on Ashtead Group from 5,350 GBX ($ 70.70) to 5,700 GBX ($ 75.33) and assigned the stock a “sector performance” rating in a. report published on Monday, September 20. Barclays increased its price target on Ashtead Group from GBX 6,230 ($ 82.33) to GBX 6,650 ($ 87.88) and rated the stock “overweight” in a report released on Tuesday 7. December. Finally, Peel Hunt reiterated a “hold” note and issued a GBX price target of 5,800 ($ 76.65) on Ashtead Group shares in a report released on Tuesday, December 7. Five investment analysts rated the stock with a conservation rating and four issued a buy rating for the company’s stock. According to MarketBeat data, the company currently has an average rating of “Hold” and a consensus target price of GBX 5,961.11 ($ 78.78).

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Ashtead Group stock opened at 5,954.19 GBX ($ 78.69) on Wednesday. The stock has a market capitalization of £ 26.56 billion and a price-to-earnings ratio of 32.37. Ashtead Group has a 52 week minimum of GBX 3,246 ($ 42.90) and a 52 week maximum of GBX 7,448.22 ($ 98.43). The share’s 50-day moving average price is 6,057.20 GBX and its two-hundred-day moving average price is 5,665.44 GBX. The company has a leverage ratio of 121.68, a quick ratio of 0.93, and a current ratio of 1.02.

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, is engaged in the rental of construction, industrial and general equipment in the United States, United Kingdom and Canada. It offers a range of products and services, such as general tools, air compressors and accessories, compaction and earthworks, air conditioning, electrical and HVAC services, pumping solutions, remediation and restoration, flooring solutions, as well as lighting and adhesion.

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Analyst Recommendations for Ashtead Group (LON: AHT)

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