Ashtead Group plc 6.9% Potential Upside Indicated by Barclays Capital

Broker Ratings

Ashtead Group plc with EPIC/TICKER (LON:AHT) had its stock rating noted as ‘Retains’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at Barclays Capital. Ashtead Group plc are listed in the Industrials sector within UK Main Market. Barclays Capital have set a target price of 2230 GBX on its stock. This would imply the analyst believes there is now a potential upside of 6.9% from today’s opening price of 2087 GBX. Over the last 30 and 90 trading days the company share price has increased 72 points and increased 177.5 points respectively. The 52 week high for the stock is 2461 GBX while the year low stock price is currently 1572.5 GBX.

Ashtead Group plc has a 50 day moving average of 2,046.04 GBX and a 200 day moving average of 1,988.35. There are currently 466,144,130 shares in issue with the average daily volume traded being 1,551,956. Market capitalisation for LON:AHT is £9,891,578,438 GBP.

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    Ashtead Group initiates $1.5 billion share buyback programme

    Ashtead Group plc announces a $1.5bn share buyback arrangement with Barclays Bank, aiming to reduce share capital within 18 months.

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