Ashtead Group (LON:AHT) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Ashtead Group plc (LON:AHT - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,538.99 ($60.94) and traded as high as GBX 4,889 ($65.64). Ashtead Group shares last traded at GBX 4,830 ($64.85), with a volume of 613,850 shares traded.

Analyst Ratings Changes

Separately, Royal Bank Of Canada cut Ashtead Group to a "sector perform" rating and cut their price target for the company from GBX 6,750 ($90.63) to GBX 4,125 ($55.38) in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 6,345 ($85.19).

Ashtead Group Trading Up 0.4%

The company has a debt-to-equity ratio of 146.30, a quick ratio of 1.13 and a current ratio of 1.31. The company has a 50 day simple moving average of GBX 4,407.12 and a two-hundred day simple moving average of GBX 4,533.27. The firm has a market cap of £26.23 billion, a PE ratio of 17.09, a P/E/G ratio of 1.32 and a beta of 1.22.

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.