Deutsche Bank Aktiengesellschaft Reaffirms "Buy" Rating for Ashtead Group (LON:AHT)

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Ashtead Group (LON:AHT - Free Report) in a research report released on Tuesday, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a GBX 6,800 ($85.43) price target on the stock.

A number of other research firms also recently issued reports on AHT. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 6,800 ($85.43) target price on shares of Ashtead Group in a research report on Friday, February 16th. Royal Bank of Canada dropped their price objective on Ashtead Group from GBX 5,300 ($66.58) to GBX 5,100 ($64.07) and set a sector perform rating on the stock in a research note on Tuesday, March 12th. Finally, Jefferies Financial Group reissued a buy rating and issued a GBX 6,150 ($77.26) price objective on shares of Ashtead Group in a report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of GBX 4,895.63 ($61.50).

Ashtead Group Stock Up 1.2 %

Ashtead Group stock traded up GBX 68 ($0.85) during mid-day trading on Tuesday, reaching GBX 5,772 ($72.51). The company's stock had a trading volume of 661,789 shares, compared to its average volume of 824,029. The company has a debt-to-equity ratio of 162.35, a quick ratio of 1.13 and a current ratio of 1.36. Ashtead Group has a 12 month low of GBX 4,437 ($55.74) and a 12 month high of GBX 6,144 ($77.19). The business's 50 day simple moving average is GBX 5,566.36 and its 200 day simple moving average is GBX 5,251.10. The company has a market capitalization of £25.19 billion, a price-to-earnings ratio of 1,963.27, a price-to-earnings-growth ratio of 1.25 and a beta of 1.31.

Ashtead Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 8th. Shareholders of record on Thursday, January 11th were issued a $0.16 dividend. The ex-dividend date was Thursday, January 11th. This represents a yield of 0.25%. Ashtead Group's dividend payout ratio is currently 2,721.09%.

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.