The stock of Ashtead Group plc (LON:AHT) reached all time high today, Nov, 9 and still has GBX 2077.67 target or 50.00% above today’s GBX 1385.11 share price. This indicates more upside for the GBX 6.91B company. This technical setup was reported by Barchart.com. If the GBX 2077.67 PT is reached, the company will be worth GBX 3.46 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 11.52% or GBX 143.11 on November 9, hitting GBX 1385.11. About 9.65M shares traded hands or 346.76% up from the average. Ashtead Group plc (LON:AHT) has risen 69.52% since April 12, 2016 and is uptrending. It has outperformed by 64.74% the S&P500.
Ashtead Group plc (LON:AHT) Ratings Coverage
Out of 19 analysts covering Ashtead Group PLC (LON:AHT), 13 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 68% are positive. GBX 1580 is the highest target while GBX 660 is the lowest. The GBX 1303.67 average target is -5.88% below today’s (GBX 1385.11) stock price. Ashtead Group PLC has been the topic of 127 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Wednesday, September 7 the stock rating was maintained by Peel Hunt with “Buy”. BNP Paribas maintained the stock with “Neutral” rating in Monday, February 1 report. The stock of Ashtead Group plc (LON:AHT) earned “Underperform” rating by Credit Suisse on Tuesday, April 19. As per Monday, December 14, the company rating was maintained by Stifel Nicolaus. As per Monday, July 4, the company rating was maintained by BNP Paribas. BNP Paribas maintained Ashtead Group plc (LON:AHT) rating on Tuesday, February 16. BNP Paribas has “Neutral” rating and GBX 1000 price target. The company was maintained on Wednesday, March 9 by JP Morgan. The company was maintained on Wednesday, March 2 by Barclays Capital. The firm has “Overweight” rating by JP Morgan given on Wednesday, June 15. The rating was maintained by BNP Paribas on Monday, July 25 with “Neutral”.
More important recent Ashtead Group plc (LON:AHT) news were published by: Fool.Co.Uk which released: “Will Ashtead Group plc, Fresnillo plc and Glencore plc continue to rise?” on June 21, 2016, also Fool.Co.Uk published article titled: “The future is looking brighter for Ashtead Group plc, Barclays plc and …”, Fool.Co.Uk published: “3 undervalued growth plays: Barclays plc, Ashtead Group plc & Vp plc” on June 16, 2016. More interesting news about Ashtead Group plc (LON:AHT) was released by: Fool.Co.Uk and their article: “Should you buy Ted Baker plc, Ashtead Group plc and Crest Nicholson Holdings …” with publication date: June 14, 2016.
Ashtead Group plc is an equipment rental company. The company has a market cap of 6.91 billion GBP. The Firm rents a range of construction and industrial equipment across a range of applications to a diverse customer base. It has a 16.48 P/E ratio. The Company’s divisions include Sunbelt and A-Plant.
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