Ashtead Group (AHT)

Sector:

Support

Index:

FTSE 100

5,788.00p
   
  • Change Today:
    -14.00p
  • 52 Week High: 6,104.00p
  • 52 Week Low: 4,694.00p
  • Currency: UK Pounds
  • Shares Issued: 451.35m
  • Volume: 776,483
  • Market Cap: £26,124m
  • RiskGrade: 116

JP Morgan stays at 'overweight' on Ashtead ahead of expected 'strong' Q2 update

By Alexander Bueso

Date: Tuesday 12 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Analysts at JP Morgan reiterated their 'overweight' recommendation and 2,450.0p target price for shares of Ashtead ahead of the group's second quarter update on 10 November.
In a research note sent to clients, analyst Andrew Wilson said he expected the international equipment rental group to report another strong quarter, despite the lower frequency of hurricanes seen in 2019 and with underlying trends remaining "solid".

Wilson also expected management to reiterate its guidance for full-year growth rates and capital expenditure, although its initial comments on capex in financial year 2021 would likely be dented by a more "modest" outlook for construction and "significant" previous investment in its fleet.

"We do not see the Q2 in isolation as a particular catalyst, especially ahead of seeing a final consensus," the analyst added.

To back up his arguments, the analyst also highlighted Ashtead's above above sector earnings growth "driven as much by own actions as the market", balance sheet optionality "whatever the macro outlook" and its "unchallenging" valuation.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Ashtead Group Market Data

Currency UK Pounds
Share Price 5,788.00p
Change Today -14.00p
% Change -0.24 %
52 Week High 6,104.00p
52 Week Low 4,694.00p
Volume 776,483
Shares Issued 451.35m
Market Cap £26,124m
RiskGrade 116

Ashtead Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.82% below the market average20.82% below the market average20.82% below the market average20.82% below the market average20.82% below the market average
26.67% below the sector average26.67% below the sector average26.67% below the sector average26.67% below the sector average26.67% below the sector average
Price Trend
45.72% above the market average45.72% above the market average45.72% above the market average45.72% above the market average45.72% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Income
84.47% below the market average84.47% below the market average84.47% below the market average84.47% below the market average84.47% below the market average
79.66% below the sector average79.66% below the sector average79.66% below the sector average79.66% below the sector average79.66% below the sector average
Growth
14.83% above the market average14.83% above the market average14.83% above the market average14.83% above the market average14.83% above the market average
21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average

What The Brokers Say

Strong Buy 6
Buy 10
Neutral 3
Sell 1
Strong Sell 0
Total 20
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ashtead Group Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Aug-24 11-Jan-24
Paid 10-Sep-24 08-Feb-24
Amount 89.25¢ 15.75¢

Trades for 31-Oct-2024

Time Volume / Share Price
17:32 15,706 @ 5,754.25p
17:32 1,992 @ 5,754.25p
17:32 45,293 @ 5,760.21p
17:32 20,885 @ 5,754.73p
16:39 210 @ 5,788.00p

Ashtead Group Key Personnel

CEO Brendan Horgan
CFO Michael Pratt

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