Brokerages Set Ashtead Group plc (LON:AHT) PT at GBX 4,709.38

Shares of Ashtead Group plc (LON:AHT - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 4,709.38 ($58.63).

A number of equities analysts have issued reports on AHT shares. Royal Bank of Canada decreased their price objective on Ashtead Group from GBX 5,300 ($65.98) to GBX 5,100 ($63.49) and set a "sector perform" rating for the company in a report on Tuesday, March 12th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 6,800 ($84.65) price objective on shares of Ashtead Group in a research report on Friday, February 16th.

Ashtead Group Trading Down 0.5 %

Shares of Ashtead Group stock traded down GBX 30 ($0.37) during midday trading on Friday, reaching GBX 5,558 ($69.19). 918,452 shares of the company's stock traded hands, compared to its average volume of 822,829. The company has a debt-to-equity ratio of 162.35, a quick ratio of 1.13 and a current ratio of 1.36. The company has a market cap of £24.31 billion, a PE ratio of 1,903.42, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. The stock has a 50 day moving average of GBX 5,469.24 and a 200-day moving average of GBX 5,172.01. Ashtead Group has a 12 month low of GBX 4,437 ($55.23) and a 12 month high of GBX 5,914 ($73.62).

Ashtead Group Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 8th. Stockholders of record on Thursday, January 11th were issued a $0.16 dividend. This represents a dividend yield of 0.25%. The ex-dividend date was Thursday, January 11th. Ashtead Group's dividend payout ratio is currently 2,739.73%.

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.