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Prices & Quotes - UK Markets - Ashtead Group (AHT)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 4,801.00p
Change Today:
70.00p
Market Cap:
21,562m
Sector:
Support Services

RBC Capital raises target price on Ashtead

By Iain Gilbert

Date: Monday 15 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at RBC Capital Markets raised their target price on equipment rental firm Ashtead from 3,200.0p to 3,800.0p on Monday following the group's recently published third-quarter earnings report.
RBC Capital stated that while underlying upgrades to 2022 underlying earnings estimates and post-third quarter earnings per share had been offset by "adverse FX movements", the analysts stated Ashtead's forthcoming capital markets day looked set to be "a positive catalyst for the stock",

However, for the most part, RBC's analysts seem to feel Ashtead's recent share price performance and valuation already reflected this, with the stock currently trading at the top end of its historical range.

Although the Canadian bank hiked its price target on the stock by 600.0p to reflect higher mid-term growth and greater industry pricing discipline, the analysts continued to rate Ashtead at 'sector perform'.

"Though the sharp rebound in activity in 2020 may support the argument that any future short shocks will not materially impair the fundamental long-term value of the business, AHT remains both operationally and financially leveraged and the industry's rate resilience is untested in any protracted economic downturn scenario," said RBC.

"Thus, despite the April catalyst and underlying operational momentum, we feel the stock is up with events."

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Ashtead Group Market Data

Currency UK Pounds
Price 4,801.00p
Change Today 70.00p
52 Week High 4,834.84p
52 Week Low 2,166.00p
Volume 742,490
Shares Issued 449.12m
Market Cap 21,562m
Beta 0.02

Performance Indicators

Compare performance with the sector and the market.

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Income
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P/E
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 10
Buy 0
Neutral 9
Sell 1
Strong Sell 0
Total 20
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ashtead Group Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Jan-21 13-Aug-20
Paid 03-Feb-21 11-Sep-20
Amount 7.15p 33.50p

Trades for 12-May-2021

Time Volume / Share Price
16:35 13 @ 4,801.00p
16:35 343 @ 4,801.00p
16:35 305,487 @ 4,801.00p
16:29 101 @ 4,808.00p
16:29 84 @ 4,809.00p

Ashtead Group Key Personnel

CEO Brendan Horgan