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Ashtead Group plc (ASHTF) [hlAlert]


Ashtead Group plc (ASHTF) rated Overweight by HSBC Securities

Posted on: Friday,  Mar 8, 2013  8:25 AM ET by HSBC Securities

Ashtead Group plc
(OTCBB: ASHTF) rated Overweight by HSBC Securities.

Ashtead Group plc, an investment holding and management company, engages in the rental of equipment to industrial and commercial users primarily in the non-residential construction sectors of the United States and the United Kingdom. It supplies equipments that lift, power, generate, move, dig, compact, drill, support, scrub, pump, direct, and ventilate under the brand names of Sunbelt Rentals and A-Plant. The company provides a range of industrial and construction equipment, such as earthmoving equipment, aerial work platforms, high reach forklifts and other materials handling units, tools, and pumps, as well as power generation, portable site accommodation, scaffolding, formwork and false work, and temporary traffic management equipment; and new and used equipment. Ashtead operates 106 stores in England, Scotland, and Wales; and 316 full service stores and 40 Sunbelt at Lowes shops in the United Kingdom. It serves construction and industrial markets, disaster relief agencies, sport and music event organizers, governments, local authorities, facilities management, and homeowners. The company was founded in 1947 and is based in London, the United Kingdom.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/8/2013 8:25 AM Buy
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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