Ashtead sees positive cashflow under Covid scenarios
27th Apr 2020 07:05
(Sharecast News) - Ashtead said it would have positive free cash flow under all downside scenarios during the Covid-19 crisis despite the virus having an impact on its business. The industrial equipment rental company said it had modelled various outcomes for the coming year with business much lower than so far in 2020. "Under all these scenarios the group remains free cash flow positive throughout the next financial year" and well above a minimum available liquidity of $460m under a covenant threshold. Ashtead said it expected underlying pretax profit for the year ending 30 April to be about £1.05bn, up from £947m a year earlier.
Read moreMonday broker round-up
6th Apr 2020 12:43
(Sharecast News) - Anglo American: RBC Capital Markets downgrades to sector perform with a target price of 1,500p.
Read moreTuesday broker round-up
3rd Mar 2020 12:46
(Sharecast News) - Huntsworth: Liberum downgrades to hold with a target price of 108p.
Read moreUS performance underpins growth at Ashtead
3rd Mar 2020 07:22
(Sharecast News) - Ashtead reported a 13% improvement in revenue in its first three quarters on Tuesday, to ?3.93bn, as its rental revenue rose 12% to ?3.57bn.
Read moreMonday broker round-up
17th Feb 2020 13:05
(Sharecast News) - Hikma Pharmatheuticals: Citigroup downgrades to neutral with a target price of 1,980p.
Read moreTuesday broker round-up
21st Jan 2020 12:47
(Sharecast News) - Ricardo: Berenberg upgrades to hold with a target price of 770p.
Read moreMonday broker round-up
20th Jan 2020 13:17
(Sharecast News) - Avon Rubber: Berenberg downgrades to hold with a target price of 2,300p.
Read moreMorgan Stanley highlights 'underappreciated' opportunity at Ashtead
17th Jan 2020 16:22
(Sharecast News) - Analysts at Morgan Stanley upgraded Ashtead to 'overweight' on Friday, stating that data centres were an "overlooked structural growth opportunity" for US construction equipment rental.
Read moreWednesday broker round-up
8th Jan 2020 13:12
(Sharecast News) - Elementis: Jefferies downgrades to hold with a target price of 190p.
Read moreThursday broker round-up
12th Dec 2019 13:38
(Sharecast News) - Synthomer: JP Morgan upgrades to neutral with a target price of 300p.
Read moreWednesday broker round-up
11th Dec 2019 12:59
(Sharecast News) - Antofagasta: Jefferies downgrades to hold with a target price of 950p.
Read moreAshtead shares fall amid struggles in UK division
10th Dec 2019 07:32
(Sharecast News) - Ashtead reported a 14% improvement in it first-half revenue on Tuesday, to £2.68bn, as its underlying rental revenue rose 13% to £2.45bn, although struggles in its UK operations saw its stock fall out of favour with investors.
Read moreThursday broker round-up
28th Nov 2019 13:35
(Sharecast News) - Derwent London: Morgan Stanley upgrades to overweight with a target price of 3,850p.
Read moreJP Morgan stays at 'overweight' on Ashtead ahead of expected 'strong' Q2 update
12th Nov 2019 14:03
(Sharecast News) - Analysts at JP Morgan reiterated their 'overweight' recommendation and 2,450.0p target price for shares of Ashtead ahead of the group's second quarter update on 10 November.
Read moreTuesday broker round up
22nd Oct 2019 13:26
(Sharecast News) - Sabre Insurance Group: Peel Hunt downgrades to add with a target price of 295p.
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