Ashtead Group’s (AHT) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Ashtead Group (LON:AHT) in a report released on Monday morning, MarketBeat Ratings reports. They currently have a GBX 6,800 ($85.49) price objective on the stock.

A number of other brokerages have also issued reports on AHT. JPMorgan Chase & Co. increased their price objective on shares of Ashtead Group from GBX 6,600 ($82.98) to GBX 7,300 ($91.78) and gave the company an “overweight” rating in a report on Friday, December 6th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 7,000 ($88.01) target price on shares of Ashtead Group in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 6,500 ($81.72) price target on shares of Ashtead Group in a report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Ashtead Group presently has an average rating of “Moderate Buy” and an average price target of GBX 6,550 ($82.35).

Ashtead Group Stock Performance

LON:AHT opened at GBX 5,168.53 ($64.98) on Monday. The stock has a 50-day moving average price of GBX 5,963.32 and a 200 day moving average price of GBX 5,590.42. The stock has a market capitalization of £22.57 billion, a P/E ratio of 1,950.39, a P/E/G ratio of 1.32 and a beta of 1.22. Ashtead Group has a 12-month low of GBX 4,711 ($59.23) and a 12-month high of GBX 6,448 ($81.07). The company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 145.75.

Ashtead Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a dividend of $0.36 per share. This represents a yield of 0.45%. The ex-dividend date is Thursday, January 9th. Ashtead Group’s payout ratio is 3,018.87%.

Insider Activity at Ashtead Group

In other Ashtead Group news, insider Brendan Horgan bought 4,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of GBX 5,320 ($66.88) per share, with a total value of £212,800 ($267,538.35). Also, insider Lucinda Riches sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of GBX 5,880 ($73.93), for a total value of £58,800 ($73,925.07). 0.64% of the stock is owned by insiders.

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.