Ashtead Group plc (LON:AHT – Get Free Report)’s share price 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 trading hands.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. Royal Bank of Canada reduced their price target on Ashtead Group from GBX 5,300 ($65.98) to GBX 5,100 ($63.49) and set a “sector perform” rating on the stock in a report on Tuesday, March 12th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 6,800 ($84.65) target price on shares of Ashtead Group in a research report on Friday, February 16th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Ashtead Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,709.38 ($58.63).
Ashtead Group Trading Down 0.8 %
Ashtead Group Cuts Dividend
The company also recently announced a dividend, which was paid on Thursday, February 8th. Shareholders of record on Thursday, January 11th were given a dividend of $0.16 per share. This represents a yield of 0.25%. The ex-dividend date of this dividend was Thursday, January 11th. Ashtead Group’s dividend payout ratio is presently 2,739.73%.
About Ashtead Group
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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