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Ashtead Group plc (LON:AHT) Declares Dividend of $0.89

Ashtead Group logo with Industrials background

Ashtead Group plc (LON:AHT - Get Free Report) declared a dividend on Tuesday, June 18th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 8th will be paid a dividend of $0.89 per share on Tuesday, September 10th. This represents a yield of 1.28%. The ex-dividend date of this dividend is Thursday, August 8th. This is an increase from Ashtead Group's previous dividend of $0.16. The official announcement can be viewed at this link.

Ashtead Group Trading Down 2.0 %

AHT stock traded down GBX 110 ($1.40) during midday trading on Tuesday, hitting GBX 5,400 ($68.61). 1,262,122 shares of the company's stock were exchanged, compared to its average volume of 818,429. The business has a 50-day simple moving average of GBX 5,717.24 and a two-hundred day simple moving average of GBX 5,432.44. The company has a current ratio of 1.36, a quick ratio of 1.13 and a debt-to-equity ratio of 162.35. The stock has a market capitalization of £23.57 billion, a PE ratio of 1,855.67, a P/E/G ratio of 1.26 and a beta of 1.29. Ashtead Group has a 1-year low of GBX 4,437 ($56.38) and a 1-year high of GBX 6,180 ($78.53).

Wall Street Analyst Weigh In

Several research firms have issued reports on AHT. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 6,800 ($86.40) target price on shares of Ashtead Group in a research note on Tuesday, May 7th. Royal Bank of Canada cut their target price on Ashtead Group from GBX 5,300 ($67.34) to GBX 5,100 ($64.80) and set a "sector perform" rating for the company in a research note on Tuesday, March 12th. Barclays reissued an "overweight" rating and set a GBX 6,600 ($83.86) target price on shares of Ashtead Group in a research note on Wednesday, May 15th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 6,150 ($78.14) price objective on shares of Ashtead Group in a research note on Wednesday, June 12th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 4,970.63 ($63.16).


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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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Dividend History for Ashtead Group (LON:AHT)

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