Ashtead Group plc 22.5% potential upside indicated by JP Morgan Cazenove

Ashtead Group plc with ticker (LON:AHT) now has a potential upside of 22.5% according to JP Morgan Cazenove.



JP Morgan Cazenove set a target price of 5,800 GBX for the company, which when compared to the Ashtead Group plc share price of 4,733 GBX at opening today (22/11/2023) indicates a potential upside of 22.5%. Trading has ranged between 4,386 (52 week low) and 6,012 (52 week high) with an average of 764,763 shares exchanging hands daily. The market capitalisation at the time of writing is £20,369,054,104.

Ashtead Group plc is a United Kingdom-based international equipment rental company. The Company rents a range of construction and industrial equipment across a variety of applications to a diverse customer base. The Company operates mainly in the United States, Canada, and the United Kingdom, under the brand name Sunbelt Rentals. The Company’s Sunbelt US is a United States-based construction and industrial equipment rental division with approximately 1,056 stores. It rents a range of equipment from a network of stores clustered in various metropolitan areas, from Washington D.C., and Baltimore on the Atlantic Coast through Miami, Tampa, and Orlando in Florida to Los Angeles and Seattle on the West Coast. It operates in the Canadian market under the Sunbelt Rentals brand, with stores in Alberta, British Columbia, Ontario, Manitoba, and Saskatchewan. Sunbelt UK rents a range of equipment and operates approximately 184 stores and various markets in the United Kingdom.