Ashtead Group plc (OTCMKTS:ASHTY) Sees Significant Decrease in Short Interest

Ashtead Group plc (OTCMKTS:ASHTYGet Rating) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 17,700 shares, a decline of 43.1% from the April 15th total of 31,100 shares. Based on an average daily trading volume, of 23,900 shares, the short-interest ratio is currently 0.7 days.

OTCMKTS ASHTY opened at $195.54 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.29 and a debt-to-equity ratio of 1.02. The firm has a market cap of $21.68 billion, a PE ratio of 18.52 and a beta of 1.70. The company has a 50 day moving average price of $243.69 and a 200 day moving average price of $287.01. Ashtead Group has a 52 week low of $184.12 and a 52 week high of $349.69.

Ashtead Group (OTCMKTS:ASHTYGet Rating) last posted its quarterly earnings data on Tuesday, March 8th. The company reported $2.90 EPS for the quarter. Ashtead Group had a net margin of 15.46% and a return on equity of 27.56%. The firm had revenue of $2 billion during the quarter. On average, equities research analysts anticipate that Ashtead Group will post 11.94 earnings per share for the current fiscal year.

Several research firms have issued reports on ASHTY. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ashtead Group from GBX 5,230 ($64.48) to GBX 4,770 ($58.81) in a research report on Wednesday, April 13th. Royal Bank of Canada raised shares of Ashtead Group from a “sector perform” rating to an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on shares of Ashtead Group from GBX 6,500 ($80.14) to GBX 6,100 ($75.21) in a research report on Tuesday. Exane BNP Paribas raised shares of Ashtead Group from a “neutral” rating to an “outperform” rating and set a GBX 6,000 ($73.97) price target for the company in a research report on Thursday, March 17th. Finally, Peel Hunt raised shares of Ashtead Group to a “hold” rating in a research report on Tuesday, March 15th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $4,406.00.

Ashtead Group Company Profile (Get Rating)

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 offers range of products and services, such as general tools, air compressors and accessories, compaction and earth moving, climate control services, power and HVAC, pump solutions, remediation and restoration, flooring solutions, and lighting and grip.

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