Ashtead Group (LON:AHT) Shares Pass Above 200-Day Moving Average - Here's Why
Ashtead Group (LON:AHT) shares have crossed above their 200-day moving average of GBX 4,728.26, trading as high as GBX 5,474. Currently, the stock is priced at GBX 5,430, with a market cap of £22.14 billion. Analysts have mixed opinions, with Jefferies downgrading the stock to a "hold" and setting a target price of GBX 5,700, while UBS maintains a "neutral" rating with a target of GBX 5,000. The average rating for Ashtead Group is "Hold" with a target of GBX 5,825.
Ashtead Group plc (LON:AHT - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,728.26 ($63.17) and traded as high as GBX 5,474 ($73.13). Ashtead Group shares last traded at GBX 5,430 ($72.55), with a volume of 711,129 shares.
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Analyst Upgrades and Downgrades
AHT has been the topic of a number of research analyst reports. Jefferies Financial Group cut Ashtead Group to a "hold" rating and cut their target price for the stock from GBX 5,900 to GBX 5,700 in a research report on Thursday, September 11th. UBS Group reiterated a "neutral" rating and set a GBX 5,000 target price on shares of Ashtead Group in a research report on Friday, August 15th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of GBX 5,825.
View Our Latest Report on Ashtead Group
Ashtead Group Trading Down 3.4%
The company has a current ratio of 1.31, a quick ratio of 1.13 and a debt-to-equity ratio of 146.30. The business has a 50 day moving average of GBX 5,287.51 and a 200-day moving average of GBX 4,728.26. The stock has a market cap of £22.14 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22.
Ashtead Group Company Profile
(Get Free Report)Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.
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