Ashtead Group plc (LON:AHT – Get Free Report) has been given an average rating of “Moderate Buy” by the eight brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 4,933.13 ($65.06).
Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Ashtead Group from GBX 6,800 ($89.67) to GBX 6,500 ($85.72) and set a “buy” rating for the company in a research note on Monday, June 24th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,150 ($81.10) price target on shares of Ashtead Group in a research report on Wednesday, June 12th. Finally, Barclays restated an “overweight” rating and issued a GBX 6,600 ($87.04) price objective on shares of Ashtead Group in a report on Wednesday, May 15th.
Get Our Latest Stock Report on AHT
Insider Buying and Selling
Ashtead Group Stock Up 1.9 %
AHT stock opened at GBX 5,352 ($70.58) on Thursday. Ashtead Group has a 52 week low of GBX 4,437 ($58.51) and a 52 week high of GBX 6,180 ($81.50). The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 150.69. The firm has a 50-day simple moving average of GBX 5,264.67 and a 200-day simple moving average of GBX 5,472.27. The stock has a market capitalization of £23.35 billion, a P/E ratio of 1,855.83, a P/E/G ratio of 1.18 and a beta of 1.22.
Ashtead Group Increases Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 8th will be issued a $0.89 dividend. The ex-dividend date is Thursday, August 8th. This represents a dividend yield of 1.28%. This is a positive change from Ashtead Group’s previous dividend of $0.16. Ashtead Group’s dividend payout ratio is currently 2,897.53%.
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.
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