Ashtead: Credit Suisse raises estimates and target price.
(CercleFinance.com) - Credit Suisse has raised its estimates and target price on British equipment rental company Ashtead Group, from 1,500 pence to to 1,650 pence, following first-quarter earnings that were ahead of its expectations.
The brokerage firm - which maintains a "neutral" stance on the shares - said it wants to reflect the potential for a boost to growth and profitability over the next 12-18 months from the huge rebuilding requirement in the southern US following the recent hurricanes.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The brokerage firm - which maintains a "neutral" stance on the shares - said it wants to reflect the potential for a boost to growth and profitability over the next 12-18 months from the huge rebuilding requirement in the southern US following the recent hurricanes.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.