Numis Reiterates Ashtead Group (LSE:AHT) Buy Recommendation

Fintel reports that on September 11, 2023, Numis reiterated coverage of Ashtead Group (LSE:AHT) with a Buy recommendation.

Analyst Price Forecast Suggests 25.57% Upside

As of August 31, 2023, the average one-year price target for Ashtead Group is 6,517.23. The forecasts range from a low of 5,151.00 to a high of $7,350.00. The average price target represents an increase of 25.57% from its latest reported closing price of 5,190.00.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Ashtead Group is 10,668MM, an increase of 5.58%. The projected annual non-GAAP EPS is 4.23.

• For more in-depth coverage of Ashtead Group, view the free, crowd-sourced company research report on Finpedia.

What is the Fund Sentiment?

There are 418 funds or institutions reporting positions in Ashtead Group. This is a decrease of 6 owner(s) or 1.42% in the last quarter. Average portfolio weight of all funds dedicated to AHT is 0.57%, a decrease of 2.68%. Total shares owned by institutions increased in the last three months by 5.88% to 83,871K shares.

What are Other Shareholders Doing?

VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 5,770K shares representing 1.32% ownership of the company. In it's prior filing, the firm reported owning 5,828K shares, representing a decrease of 1.00%. The firm decreased its portfolio allocation in AHT by 13.22% over the last quarter.

Gardner Russo & Quinn holds 5,366K shares representing 1.23% ownership of the company. In it's prior filing, the firm reported owning 5,170K shares, representing an increase of 3.66%. The firm increased its portfolio allocation in AHT by 11.58% over the last quarter.

OAKIX - Oakmark International Fund Investor Class holds 4,138K shares representing 0.95% ownership of the company. In it's prior filing, the firm reported owning 3,519K shares, representing an increase of 14.95%. The firm increased its portfolio allocation in AHT by 30.30% over the last quarter.

AEPGX - EUROPACIFIC GROWTH FUND holds 3,575K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 3,260K shares, representing an increase of 8.79%. The firm increased its portfolio allocation in AHT by 25.29% over the last quarter.

VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 3,456K shares representing 0.79% ownership of the company. In it's prior filing, the firm reported owning 3,352K shares, representing an increase of 3.02%. The firm increased its portfolio allocation in AHT by 11.50% over the last quarter.

See all Ashtead Group regulatory filings.

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