November 29, 2016 - By Hazel Jackson
The firm have set price target of GBX 1700.00 on Ashtead Group PLC (LON:AHT) shares. This is 13.37% from the previous close. In a report sent to investors on Tuesday, 29 November, Jefferies International restate their Buy rating on shares of AHT.
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 1700 is the highest target while GBX 660 is the lowest. The GBX 1313.11 average target is -11.63% below today’s (GBX 1486) stock price. Ashtead Group PLC has been the topic of 130 analyst reports since July 23, 2015 according to StockzIntelligence Inc. BNP Paribas maintained Ashtead Group plc (LON:AHT) on Thursday, December 10 with “Neutral” rating. The stock of Ashtead Group plc (LON:AHT) has “Neutral” rating given on Monday, February 1 by BNP Paribas. The company was maintained on Monday, April 4 by Jefferies. The firm earned “Neutral” rating on Wednesday, April 13 by BNP Paribas. BNP Paribas maintained the stock with “Outperform” rating in Wednesday, November 4 report. The firm earned “Overweight” rating on Thursday, January 28 by JP Morgan. Jefferies maintained the shares of AHT in a report on Thursday, January 28 with “Buy” rating. The firm has “Overweight” rating by JP Morgan given on Monday, September 5. The stock of Ashtead Group plc (LON:AHT) earned “Buy” rating by Numis Securities on Friday, April 22. The stock has “Buy” rating given by Jefferies on Thursday, October 22.
About 361,597 shares traded hands. Ashtead Group plc (LON:AHT) has risen 63.64% since April 29, 2016 and is uptrending. It has outperformed by 58.38% the S&P500.
Analysts await Ashford Hospitality Trust, Inc. (NYSE:AHT) to report earnings on February, 23. They expect $0.22 EPS, down 15.38% or $0.04 from last year’s $0.26 per share. AHT’s profit will be $21.32M for 7.58 P/E if the $0.22 EPS becomes a reality. After $0.40 actual EPS reported by Ashford Hospitality Trust, Inc. for the previous quarter, Wall Street now forecasts -45.00% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.31 in Q2 2016. Its up 0.43, from 0.88 in 2016Q1. The ratio increased, as 19 funds sold all Ashtead Group plc shares owned while 54 reduced positions. 16 funds bought stakes while 48 increased positions. They now own 66.62 million shares or 3.79% less from 69.25 million shares in 2016Q1.
Davenport And Company Ltd Llc accumulated 12,185 shares or 0% of the stock. Teacher Retirement Sys Of Texas accumulated 0% or 13,292 shares. Massachusetts Serv Ma reported 71,982 shares or 0% of all its holdings. Deere And Communication owns 77,724 shares or 0.02% of their US portfolio. Blackrock Inc accumulated 113,202 shares or 0% of the stock. Kennedy Mngmt Incorporated has invested 0.36% of its portfolio in Ashtead Group plc (LON:AHT). Spot Trading Ltd Liability Com holds 2,154 shares or 0% of its portfolio. First Advsr L P holds 0% or 38,632 shares in its portfolio. Foundry Ptnrs Ltd Llc owns 763,316 shares or 0.23% of their US portfolio. Moreover, Diam Commerce has 0.01% invested in Ashtead Group plc (LON:AHT) for 169,800 shares. Mizuho Trust & Limited, a Japan-based fund reported 15,733 shares. Credit Agricole S A last reported 0% of its portfolio in the stock. Blackrock Group has 607,882 shares for 0% of their US portfolio. Los Angeles Cap & Equity Research Inc last reported 0% of its portfolio in the stock. The New Jersey-based Prudential Financial Inc has invested 0.02% in Ashtead Group plc (LON:AHT).
Insider Transactions: Since August 8, 2016, the stock had 1 buy, and 0 sales for $104,507 net activity. $104,507 worth of Ashtead Group plc (LON:AHT) shares were bought by TALLIS ALAN.
Ashtead Group plc is an equipment rental company. The company has a market cap of 7.42 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 17.68 P/E ratio. The Company’s divisions include Sunbelt and A-Plant.
According to Zacks Investment Research, “Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements.”
Ashford Hospitality Trust, Inc. (Ashford), incorporated on May 13, 2003, together with its subsidiaries, is an externally-advised real estate investment trust (REIT). The Firm operates through direct hotel investments segment. The Firm is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Firm owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership. The Company’s hotels are primarily operated under the brands of Hilton, Hyatt, Marriott, Starwood and Intercontinental Hotels Group. The Company’s hotels are located in the United States. The Company’s hotels portfolio is asset-managed by Ashford LLC.
More 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 published the news titled: “Will Ashtead Group plc, Fresnillo plc and Glencore plc continue to rise?” on June 21, 2016. Fool.Co.Uk‘s news article titled: “The future is looking brighter for Ashtead Group plc, Barclays plc and …” with publication date: June 23, 2016 was also an interesting one.
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