Ashtead Group's share price (LON:AHT) has gained an impressive 10.08% through the first month of 2025, adding 0.5% on the day of ratings upgrade. The stock received a reaffirmation of its “buy” rating from Berenberg Bank alongside a price target of 7,000p. This mark suggests a potential upside of more than 25% from current price action.
Several other financial institutions have also shown optimism toward Ashtead Group. JPMorgan Chase & Co. recently increased their price target for the company to 7,300 while maintaining an “overweight” rating.
Ashtead's shares have a consensus price target just shy of 6,300. The company holds a market cap of £23.9 billion alongside a price-to-earnings ratio of 19.
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Ashtead Group operates primarily in the equipment rental sector across the United States, United Kingdom, and Canada. Their business portfolio includes a variety of services like pumps, power generation, heating and cooling solutions, and scaffolding.
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