Ashtead Group plc (LON:AHT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Ashtead Group plc (LON:AHT) have earned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 4,709.38 ($58.63).

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 6,800 ($84.65) price objective on shares of Ashtead Group in a research report on Friday, February 16th. Royal Bank of Canada decreased their price target 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 research report on Tuesday, March 12th.

Ashtead Group Stock Down 0.3 %

Shares of LON AHT opened at GBX 5,588 ($69.56) on Friday. The company has a 50 day simple moving average of GBX 5,463.08 and a 200-day simple moving average of GBX 5,167.62. The company has a market capitalization of £24.44 billion, a P/E ratio of 1,913.70, 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 current ratio of 1.36 and a quick ratio of 1.13. Ashtead Group has a 1 year low of GBX 4,437 ($55.23) and a 1 year high of GBX 5,914 ($73.62).

Ashtead Group Cuts Dividend

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