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Ashtead Group (LON:AHT) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Ashtead Group logo with Industrials background

Ashtead Group plc (LON:AHT - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on Ashtead Group

Ashtead Group Trading Down 1.0%

The business has a 50 day moving average of GBX 4,407.12 and a two-hundred day moving average of GBX 4,533.27. The company has a current ratio of 1.31, a quick ratio of 1.13 and a debt-to-equity ratio of 146.30. The firm has a market cap of £26.12 billion, a P/E ratio of 17.02, a PEG ratio of 1.32 and a beta of 1.22.

Ashtead Group Company Profile

(Get Free Report)

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.

Further Reading

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