Ashtead Group (LON:AHT) Stock Passes Below 50 Day Moving Average of $2,109.46

Ashtead Group plc (LON:AHT) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2,109.46 and traded as low as $2,252.00. Ashtead Group shares last traded at $2,266.00, with a volume of 1,103,528 shares.

Several analysts have recently commented on the stock. Barclays reissued a “top pick” rating and set a GBX 3,250 ($42.47) price target on shares of in a research note on Wednesday, June 19th. Numis Securities reissued a “buy” rating and set a GBX 2,800 ($36.59) price target on shares of in a research note on Thursday, June 13th. Peel Hunt reissued a “buy” rating on shares of GB Group in a research note on Monday, June 17th. Morgan Stanley increased their price target on shares of Williams-Sonoma from $52.00 to $56.00 and gave the company an “underweight” rating in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada increased their price target on shares of from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an “outperform” rating in a research note on Monday, June 24th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 2,388.18 ($31.21).

The firm has a market capitalization of $10.28 billion and a PE ratio of 13.38. The company has a quick ratio of 1.27, a current ratio of 1.39 and a debt-to-equity ratio of 134.18. The stock’s 50 day moving average is GBX 2,120.70.

The firm also recently disclosed a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 15th will be paid a GBX 33.50 ($0.44) dividend. The ex-dividend date is Thursday, August 15th. This is a boost from Ashtead Group’s previous dividend of $6.50. This represents a yield of 1.61%. Ashtead Group’s dividend payout ratio (DPR) is presently 0.24%.

In other Ashtead Group news, insider Lindsley Ruth acquired 2,250 shares of Ashtead Group stock in a transaction on Monday, June 24th. The shares were purchased at an average cost of GBX 2,202 ($28.77) per share, with a total value of £49,545 ($64,739.32). Also, insider Brendan Horgan sold 46,792 shares of the firm’s stock in a transaction that occurred on Thursday, July 4th. The shares were sold at an average price of GBX 2,320 ($30.31), for a total transaction of £1,085,574.40 ($1,418,495.23).

About Ashtead Group (LON:AHT)

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

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