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Home / Momentum / Ashtead (AHT.L) 11-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Ashtead (AHT.L) 11-02-20

Will shares in Ashtead (AHT.L) continue to new highs?

 

  • The share price performance has been very strong, now trading at 2676p (at time of writing), .
  • Will we see an end to the trend, or is the momentum set to continue?
  • Could this be the ideal opportunity for those seeking a momentum play?
  • Whilst the trend has been relentless, remember that strong past performance may not always continue.
  • Technical traders should be mindful of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -0% from 12-month highs; +48% from 12 month lows.

Latest News

27 Jan:  Berenberg reiterates its hold rating on Ashtead Group (AHT) and increased the target price to 2250p (from 2150p).

27 Jan:  Peel Hunt has downgraded its rating on Ashtead Group (AHT) to hold (from buy).

21 Jan:  Liberum Capital reiterates its buy rating on Ashtead Group (AHT) and increased the target price to 2675p (from 2616p).

20 Jan:  Morgan Stanley has upgraded its rating on Ashtead Group (AHT) up to overweight (from equal weight) and increased the target price to 3000p (from 2420p).

10 Jan:  RBC Capital Markets reiterates its outperform rating on Ashtead Group (AHT) and reduced the target price to 2600p (from 2800p).

08 Jan:  UBS reiterates its neutral rating on Ashtead Group (AHT) and increased the target price to 2400p (from 2250p).

06 Jan:  Barclays Capital reiterates its overweight rating on Ashtead Group (AHT) and increased the target price to 3195p (from 2430p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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