Ashtead Group (LON:AHT) insider Wayne Edmunds bought 14,260 shares of the stock in a transaction that occurred on Thursday, May 3rd. The shares were bought at an average price of GBX 2,059 ($28.72) per share, for a total transaction of 拢293,613.40 ($409,502.65).
Shares of LON AHT traded up GBX 35 ($0.49) during mid-day trading on Friday, hitting GBX 2,087 ($29.11). The stock had a trading volume of 1,610,482 shares, compared to its average volume of 2,210,000. Ashtead Group has a twelve month low of GBX 1,476 ($20.59) and a twelve month high of GBX 2,185 ($30.47).
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Ashtead Group (LON:AHT) last released its earnings results on Tuesday, March 6th. The company reported GBX 32.20 ($0.45) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 29.60 ($0.41) by GBX 2.60 ($0.04). The firm had revenue of 拢916.10 million for the quarter. Ashtead Group had a return on equity of 95.06% and a net margin of 59.82%.
Several equities analysts have recently commented on AHT shares. JPMorgan Chase restated an “overweight” rating and issued a GBX 2,600 ($36.26) price objective on shares of Ashtead Group in a research report on Wednesday, March 7th. Berenberg Bank boosted their price objective on Ashtead Group from GBX 1,700 ($23.71) to GBX 1,900 ($26.50) and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Numis Securities reaffirmed a “buy” rating and set a GBX 2,500 ($34.87) target price on shares of Ashtead Group in a research note on Wednesday, March 7th. Barclays boosted their price target on Ashtead Group from GBX 2,263 ($31.56) to GBX 2,540 ($35.43) and gave the company an “overweight” rating in a report on Tuesday, January 23rd. Finally, Peel Hunt restated a “buy” rating and set a GBX 2,300 ($32.08) target price on shares of Ashtead Group in a report on Tuesday, March 6th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 2,246.67 ($31.33).
About Ashtead Group
Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.