Ashtead Group (LON:AHT) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Ashtead Group plc (LON:AHT - Get Free Report) passed 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 ($59.79) and traded as high as GBX 5,162 ($68.19). Ashtead Group shares last traded at GBX 5,078 ($67.08), with a volume of 864,052 shares.

Wall Street Analyst Weigh In

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 ($89.17) to GBX 4,125 ($54.49) in a research note on Tuesday, April 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 6,345 ($83.82).

Ashtead Group Stock Performance

The company has a market cap of £27.28 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. The company's 50-day moving average is GBX 4,593.91 and its two-hundred day moving average is GBX 4,535.30. The company has a quick ratio of 1.13, a current ratio of 1.31 and a debt-to-equity ratio of 146.30.

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.