Ashtead Group plc Just Reaches All-Time High?

 Ashtead Group plc Just Reaches All Time High?

The stock of Ashtead Group plc (LON:AHT) reached all time high today, Nov, 22 and still has GBX 1508.30 target or 4.00% above today’s GBX 1450.29 share price. This indicates more upside for the GBX 7.24B company. This technical setup was reported by If the GBX 1508.30 PT is reached, the company will be worth GBX 289.60M 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 2.13% or GBX 30.29 on November 22, hitting GBX 1450.29. About 1.86M shares traded hands. Ashtead Group plc (LON:AHT) has risen 58.21% since April 25, 2016 and is uptrending. It has outperformed by 53.65% 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 1304.78 average target is -10.03% below today’s (GBX 1450.29) stock price. Ashtead Group PLC has been the topic of 129 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Tuesday, November 17 the stock rating was maintained by BNP Paribas with “Outperform”. The firm has “Overweight” rating by JP Morgan given on Thursday, September 8. The firm has “Neutral” rating given on Monday, September 12 by BNP Paribas. The firm has “Outperform” rating given on Monday, August 3 by BNP Paribas. The rating was maintained by Barclays Capital with “Overweight” on Thursday, December 10. The stock of Ashtead Group plc (LON:AHT) has “Overweight” rating given on Thursday, September 3 by JP Morgan. The stock of Ashtead Group plc (LON:AHT) has “Neutral” rating given on Thursday, December 3 by BNP Paribas. The company was maintained on Tuesday, March 1 by Peel Hunt. Beaufort Securities maintained Ashtead Group plc (LON:AHT) on Wednesday, June 15 with “Buy” rating. The stock has “Neutral” rating given by BNP Paribas on Monday, November 7.

More important recent Ashtead Group plc (LON:AHT) news were published by: Fool.Co.Uk which released: “What do Ashtead Group plc’s results reveal about the post-Brexit construction …” on September 29, 2016, also Fool.Co.Uk published article titled: “The future is looking brighter for Ashtead Group plc, Barclays plc and …”, Fool.Co.Uk published: “Will Ashtead Group plc, Fresnillo plc and Glencore plc continue to rise?” on June 21, 2016. More interesting news about Ashtead Group plc (LON:AHT) was released by: Fool.Co.Uk and their article: “3 undervalued growth plays: Barclays plc, Ashtead Group plc & Vp plc” with publication date: June 16, 2016.

Ashtead Group plc is an equipment rental company. The company has a market cap of 7.24 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 17.25 P/E ratio. The Company’s divisions include Sunbelt and A-Plant.

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