Ashtead Group PLC (OTCMKTS:ASHTY) Given Average Rating of “Hold” by Analysts

Ashtead Group PLC (OTCMKTS:ASHTY) has earned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company.

Several research analysts recently commented on the stock. KeyCorp raised shares of Ashtead Group from a “hold” rating to an “overweight” rating in a report on Tuesday, December 16th. Zacks Research upgraded Ashtead Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Ashtead Group in a report on Tuesday, January 6th.

Ashtead Group Price Performance

Shares of Ashtead Group stock opened at $254.61 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.19 and a current ratio of 1.28. The stock’s 50-day simple moving average is $254.61 and its 200 day simple moving average is $259.65. Ashtead Group has a 52-week low of $186.01 and a 52-week high of $310.30.

About Ashtead Group

Ashtead Group plc is a multinational equipment rental company that provides a broad range of rental solutions to construction, industrial, infrastructure and specialty markets. The business supplies temporary access, earthmoving, material handling, power and climate control equipment, tools and ancillaries to contractors, facilities managers and industrial customers. Its model emphasizes short- and long-term equipment hire as an alternative to capital ownership, supported by logistics, maintenance and on-site support to keep customer projects running.

The company’s product and service offering spans general-purpose and specialist equipment categories, including aerial work platforms, excavators and skid steers, generators and power distribution, HVAC and dewatering solutions, and hand and power tools.