Ashtead Group plc -8.2% potential downside indicated by RBC Capital Markets

Ashtead Group plc with ticker (LON:AHT) now has a potential downside of -8.2% according to RBC Capital Markets.



RBC Capital Markets set a target price of 5,100 GBX for the company, which when compared to the Ashtead Group plc share price of 5,558 GBX at opening today (22/03/2024) indicates a potential downside of -8.2%. Trading has ranged between 4,386 (52 week low) and 5,794 (52 week high) with an average of 868,339 shares exchanging hands daily. The market capitalisation at the time of writing is £24,564,786,120.

Ashtead Group plc is a United Kingdom-based international equipment rental company with national networks in the United States, Canada, and the United Kingdom under the brand name Sunbelt Rentals. The Company rents a range of construction and industrial equipment across a variety of applications to a diverse customer base. The Sunbelt US is construction and industrial equipment rental division which has around 1,157 stores. It rent a wide range of equipment from a network of stores clustered in major metropolitan areas from Washington DC, and Baltimore on the Atlantic Coast through Miami, Tampa and Orlando in Florida to Los Angeles and Seattle on the West Coast. The Company’s Canada division has its stores in Alberta, British Colombia, Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec, and Saskatchewan. The Sunbelt UK rents a range of equipment and operates approximately 192 stores and various markets in the United Kingdom. Its equipment’s are used in lift, power, and more.