Ashtead Group (LON:AHT) Stock Price Crosses Above 200 Day Moving Average of $5,161.59

Ashtead Group plc (LON:AHT - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 5,161.59 ($64.25) and traded as high as GBX 5,676 ($70.66). Ashtead Group shares last traded at GBX 5,656 ($70.41), with a volume of 544,927 shares changing hands.

Analyst Upgrades and Downgrades

AHT has been the subject of a number of recent research reports. Royal Bank of Canada cut their price objective on shares of 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 target on shares of Ashtead Group in a report on Friday, February 16th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 4,709.38 ($58.63).

Ashtead Group Stock Performance

The firm has a market cap of £24.51 billion, a P/E ratio of 1,919.18, a P/E/G ratio of 1.72 and a beta of 1.33. 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's 50 day moving average is GBX 5,456.60 and its 200 day moving average is GBX 5,164.69.

Ashtead Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 8th. Investors of record on Thursday, January 11th were paid a $0.16 dividend. This represents a yield of 0.25%. The ex-dividend date of this dividend was Thursday, January 11th. Ashtead Group's payout ratio is 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.