Ashtead Group PLC (OTCMKTS:ASHTY - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 121,422 shares changed hands during mid-day trading, an increase of 208% from the previous session's volume of 39,377 shares.The stock last traded at $265.59 and had previously closed at $259.50.
Wall Street Analysts Forecast Growth
Separately, Royal Bank Of Canada downgraded shares of Ashtead Group from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy".
Read Our Latest Research Report on ASHTY
Ashtead Group Stock Up 0.8%
The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $29.74 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 1.66 and a beta of 1.67. The stock's fifty day moving average price is $247.76 and its 200-day moving average price is $240.53.
About Ashtead Group
(
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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.
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