Berenberg Bank Initiates Coverage of Ashtead Group plc - Depositary Receipt () (ASHTY) with Buy Recommendation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 21 2024
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Source: NASDAQ.COM
Berenberg Bank Coverage: Berenberg Bank has initiated coverage of Ashtead Group plc with a Buy recommendation, forecasting a 15.19% price increase from its current value of $292.40/share to an average target of $336.82/share over the next year.
Fund Sentiment and Shareholder Activity: There has been a slight decrease in institutional ownership by 11.11%, but total shares owned by institutions increased by 6.36%. Notable changes include Aristotle Capital Management increasing its holdings by 1.54% and Central Securities significantly raising its allocation by 67.03%.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
