Trade Report: The Ashtead Group plc (AHT) Coverage Initiated by Analysts at Royal Bank Of Canada

The Ashtead Group plc (AHT) Coverage Initiated by Analysts at Royal Bank Of Canada

Royal Bank Of Canada initiated coverage on shares of Ashtead Group plc (LON:AHT) in a research report report published on Thursday. The firm issued an outperform rating and a GBX 1,580 ($19.55) price objective on the stock.

Several other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 1,140 ($14.11) target price on shares of Ashtead Group plc in a research report on Thursday, July 21st. Barclays PLC reiterated an overweight rating and set a GBX 1,180 ($14.60) target price on shares of Ashtead Group plc in a research report on Monday, July 11th. BNP Paribas downgraded shares of Ashtead Group plc to a neutral rating and set a GBX 1,050 ($13.00) target price on the stock. in a research report on Monday, June 27th. Credit Suisse Group AG upgraded shares of Ashtead Group plc to a neutral rating and lifted their target price for the stock from GBX 770 ($9.53) to GBX 1,150 ($14.23) in a research report on Tuesday, September 27th. Finally, Jefferies Group reiterated a buy rating on shares of Ashtead Group plc in a research report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of GBX 1,306.27 ($16.17).

Shares of Ashtead Group plc (LON:AHT) traded down 1.63% on Thursday, reaching GBX 1325.00. 1,459,258 shares of the company traded hands. Ashtead Group plc has a one year low of GBX 749.00 and a one year high of GBX 1,378.93. The firm has a 50-day moving average price of GBX 1,261.35 and a 200 day moving average price of GBX 1,074.80. The company’s market capitalization is GBX 6.62 billion.

In other Ashtead Group plc news, insider Cole,Christopher sold 25,000 shares of Ashtead Group plc stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of GBX 1,186 ($14.68), for a total transaction of £296,500 ($366,955.45).

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