Ashtead Group (LON:AHT) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Ashtead Group's stock price has recently crossed above its 200-day moving average, reaching as high as GBX 5,492 ($74.25) during trading.
• Analysts have mixed opinions on the stock, with UBS maintaining a "neutral" rating and a target price of GBX 5,000, while Royal Bank Of Canada lowered its target significantly from GBX 6,750 to GBX 4,125.
• The company has a market capitalization of £29.63 billion and a debt-to-equity ratio of 146.30, indicating a robust presence in the equipment rental business across the US, UK, and Canada.

Ashtead Group plc (LON:AHT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,525.70 ($61.02) and traded as high as GBX 5,492 ($74.05). Ashtead Group shares last traded at GBX 5,426.95 ($73.17), with a volume of 696,327 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently commented on AHT. UBS Group reiterated a "neutral" rating and issued a GBX 5,000 price target on shares of Ashtead Group in a research note on Friday, August 15th. Royal Bank Of Canada downgraded Ashtead Group to a "sector perform" rating and decreased their price target for the stock from GBX 6,750 to GBX 4,125 in a research note on Tuesday, April 29th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 6,120.83.

Ashtead Group Price Performance

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 business has a 50-day moving average price of GBX 4,921.08 and a two-hundred day moving average price of GBX 4,528.68. The firm has a market capitalization of £29.95 billion, a price-to-earnings ratio of 19.52, a PEG 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.