Ashtead Group plc’s Stock Is Buy After Reaching 52-Week High

 Ashtead Group plc's Stock Is Buy After Reaching 52 Week High

The stock of Ashtead Group plc (LON:AHT) hit a new 52-week high and has GBX 1503.80 target or 3.00% above today’s GBX 1460.00 share price. The 7 months bullish chart indicates low risk for the GBX 7.29B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the GBX 1503.80 price target is reached, the company will be worth GBX 218.70M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.97% or GBX 14 on November 23, hitting GBX 1460. About 1.80M shares traded hands. Ashtead Group plc (LON:AHT) has risen 58.21% since April 25, 2016 and is uptrending. It has outperformed by 52.88% 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 -10.63% below today’s (GBX 1460) stock price. Ashtead Group PLC has been the topic of 129 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Berenberg maintained it with “Buy” rating and GBX 1350 target price in Thursday, September 3 report. Jefferies maintained the shares of AHT in a report on Tuesday, November 24 with “Buy” rating. Barclays Capital maintained Ashtead Group plc (LON:AHT) on Thursday, September 8 with “Overweight” rating. The firm earned “Neutral” rating on Monday, April 11 by BNP Paribas. On Monday, July 4 the stock rating was maintained by BNP Paribas with “Neutral”. Beaufort Securities maintained the shares of AHT in a report on Wednesday, June 15 with “Buy” rating. The stock has “Buy” rating given by Jefferies on Thursday, July 23. BNP Paribas maintained the stock with “Neutral” rating in Wednesday, April 13 report. BNP Paribas maintained Ashtead Group plc (LON:AHT) rating on Monday, September 26. BNP Paribas has “Neutral” rating and GBX 1100 price target. The stock of Ashtead Group plc (LON:AHT) earned “Sell” rating by Deutsche Bank on Wednesday, June 8.

More notable 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 with their article: “The future is looking brighter for Ashtead Group plc, Barclays plc and …” published on June 23, 2016, 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) were released by: Fool.Co.Uk and their article: “3 undervalued growth plays: Barclays plc, Ashtead Group plc & Vp plc” published on June 16, 2016 as well as Fool.Co.Uk‘s news article titled: “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 7.29 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 17.37 P/E ratio. The Company’s divisions include Sunbelt and A-Plant.

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