Ashtead Group (LON:AHT) Stock Price Passes Above Two Hundred Day Moving Average of $5,161.59

Ashtead Group plc (LON:AHT)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 5,161.59 ($64.25) and traded as high as GBX 5,676 ($70.66). Ashtead Group shares last traded at GBX 5,656 ($70.41), with a volume of 544,927 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AHT shares. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 6,800 ($84.65) price target on shares of Ashtead Group in a research note on Friday, February 16th. Royal Bank of Canada decreased their price objective on shares of Ashtead Group from GBX 5,300 ($65.98) to GBX 5,100 ($63.49) and set a “sector perform” rating on the stock in a research report on Tuesday, March 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 4,709.38 ($58.63).

Ashtead Group Price Performance

The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 162.35. The firm’s 50-day moving average is GBX 5,463.08 and its 200-day moving average is GBX 5,167.62. The company has a market cap of £24.44 billion, a PE ratio of 1,913.70, a PEG ratio of 1.72 and a beta of 1.33.

Ashtead Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 8th. Investors of record on Thursday, January 11th were given a dividend of $0.16 per share. This represents a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, January 11th. Ashtead Group’s dividend payout ratio is currently 2,739.73%.

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.