Ashtead Group (OTCMKTS:ASHTY) Earns Sector Perform Rating from Royal Bank of Canada

Ashtead Group (OTCMKTS:ASHTY)‘s stock had its “sector perform” rating reissued by equities researchers at Royal Bank of Canada in a note issued to investors on Monday, The Fly reports.

Other analysts also recently issued research reports about the stock. Barclays reiterated an “overweight” rating on shares of Ashtead Group in a report on Friday, September 17th. Berenberg Bank reiterated a “hold” rating on shares of Ashtead Group in a report on Wednesday, September 15th. Deutsche Bank Aktiengesellschaft lowered shares of Ashtead Group from a “buy” rating to a “hold” rating in a research report on Friday, June 11th. Zacks Investment Research upgraded shares of Ashtead Group from a “hold” rating to a “buy” rating and set a $349.00 price target for the company in a research report on Thursday, August 12th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Ashtead Group in a research report on Friday, September 17th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $349.00.

ASHTY opened at $318.46 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.08 and a debt-to-equity ratio of 0.93. The company’s fifty day moving average price is $313.03 and its two-hundred day moving average price is $287.39. Ashtead Group has a 1-year low of $140.90 and a 1-year high of $343.83. The company has a market cap of $35.61 billion, a price-to-earnings ratio of 38.88 and a beta of 1.71.

Ashtead Group Company Profile

Ashtead Group Plc engages in the provision of equipment rental services. The company offers a full range of construction and industrial equipment used in lift, power, generate, move, dig, compact, drill, support, scrub, pump, direct, heat, and ventilate. It operates through the following segments: Sunbelt, A-Plant, Sunbelt Canada, and Corporate Items.

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