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Ashtead Group PLC (LON:AHT) target price raised to 1,500.00GBX, issued a report today by Peel Hunt

Yesterday Ashtead Group PLC (LON:AHT) traded -2.38% lower at 0.00GBX. The company’s 50-day moving average is 1,263.38GBX and its 200-day moving average is 1,076.46GBX. The last closing price is down 22.16% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 4,459,732 shares of the stock were exchanged, up from an average trading volume of 2,194,390

Ashtead Group PLC (LON:AHT) had its target price raised to 1,500.00GBX by Peel Hunt in a report released 10/14/2016. The new target price indicates consistent performance relative to the company's last closing price.

Previously on 10/13/2016, 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%.

See Chart Below

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 15.64 The company’s market cap is currently 0 GBX.

In addition to Peel Hunt 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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