Ashtead Group plc -4.9% potential downside indicated by Deutsche

Ashtead Group plc with ticker (LON:AHT) now has a potential downside of -4.9% according to Deutsche.



Deutsche set a target price of 5,850 GBX for the company, which when compared to the Ashtead Group plc share price of 6,138 GBX at opening today (02/12/2021) indicates a potential downside of -4.9%. Trading has ranged between 3,165 (52 week low) and 6,498 (52 week high) with an average of 926,362 shares exchanging hands daily. The market capitalisation at the time of writing is £26,965,124,680.

Ashtead Group PLC is a United Kingdom-based equipment rental company that is trading under the Sunbelt Rentals brand with networks in the United States, Canada and the United Kingdom. The Company rents a range of construction, industrial and general equipment across a variety of applications to a diverse customer base. The Company’s business units include Sunbelt US, Sunbelt UK and Sunbelt Canada. It operates approximately 861 stores in the United States, 77 stores in Canada and approximately 188 stores in the United Kingdom. The Company’s equipment can be used to lift, power, generate, move, dig, compact, drill, support, scrub, pump, direct, heat and ventilate. It purchases a range of equipment from manufacturers and rents it on a short-term basis to a range of customers. It also sells the old equipment in the second-hand market. The Company’s rental fleet ranges from small hand-held tools to a range of construction equipment.