Ashtead Group (LON:AHT) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Ashtead Group plc (LON:AHT - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 4,526.20 ($60.08) and traded as high as GBX 5,162 ($68.52). Ashtead Group shares last traded at GBX 5,078 ($67.40), with a volume of 864,052 shares.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lowered shares of Ashtead Group to a "sector perform" rating and reduced their target price for the stock from GBX 6,750 ($89.59) to GBX 4,125 ($54.75) in a report on Tuesday, April 29th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 6,345 ($84.22).

Ashtead Group Price Performance

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 stock's 50-day moving average is GBX 4,609.51 and its 200 day moving average is GBX 4,535.11. The stock has a market capitalization of £27.28 billion, a PE ratio of 17.78, a P/E/G ratio of 1.32 and a beta of 1.22.

About Ashtead Group

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.