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Ashtead Group PLC (LON:AHT) target price raised to 1,430.00GBX, issued a report today by JP Morgan Cazenove

Ashtead Group PLC (LON:AHT) had its target price raised to 1,430.00GBX by JP Morgan Cazenove in a report released 10/14/2016. The new target price indicates a possible upside of 0.05% based on the company's last closing price.

Previously on Thursday October 13, 2016, RBC Capital Markets reported on Ashtead Group PLC (LON:AHT) raised the target price from 0.00GBX to 1,580.00GBX. At the time, this indicated a possible upside of 0.18%.

Yesterday Ashtead Group PLC (LON:AHT) traded 0.59% higher at 1,358.50GBX. The company’s 50-day moving average is 1,261.35GBX and its 200-day moving average is 1,074.80GBX. The last closing price is up 26.07% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 170,668 shares of the stock were exchanged, down from an average trading volume of 2,147,820

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Ashtead Group PLC (LON:AHT)

Ashtead Group PLC has a 52 week low of 749.00GBX and a 52 week high of 1,378.93GBX with a P/E ratio of 16.11 The company’s market cap is currently 0 GBX.

In addition to JP Morgan Cazenove reporting its target price, a total of 15 brokers have issued a report on the stock. The consensus target price is 1,077.00GBX with 7 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 3 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Ashtead Group PLC (LON:AHT)

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. The Company operates in the United States, the United Kingdom and Canada. The Company operates approximately 550 stores in over 40 states in the United States and over 10 stores in Canada. The Company's equipment can be used to lift, power, generate, light, move, dig, compact, drill, support, access, scrub, pump, direct, heat and ventilate. The Company rents on a short-term basis. It sells old equipment in the second-hand market. The Company's rental fleet ranges from small hand-held tools to a range of construction equipment. It provides rental solutions for non-residential construction markets, facilities management, disaster relief, event management, climate control, scaffolding and traffic management.

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