Jefferies Financial Group Reaffirms “Buy” Rating for Ashtead Group (LON:AHT)

Jefferies Financial Group reaffirmed their buy rating on shares of Ashtead Group (LON:AHT) in a research note published on Wednesday, Marketbeat Ratings reports. Jefferies Financial Group currently has a GBX 6,150 ($77.25) price objective on the stock.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada dropped their price objective on Ashtead Group from GBX 5,300 ($66.57) to GBX 5,100 ($64.06) and set a sector perform rating on the stock in a report on Tuesday, March 12th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 6,800 ($85.42) price target on shares of Ashtead Group in a research note 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, the stock currently has a consensus rating of Moderate Buy and a consensus price target of GBX 4,603.13 ($57.82).

Ashtead Group Stock Performance

Shares of AHT stock opened at GBX 5,704 ($71.65) on Wednesday. Ashtead Group has a fifty-two week low of GBX 4,437 ($55.73) and a fifty-two week high of GBX 6,144 ($77.18). The stock’s 50-day moving average is GBX 5,557.28 and its two-hundred day moving average is GBX 5,234.07. The company has a debt-to-equity ratio of 162.35, a current ratio of 1.36 and a quick ratio of 1.13. The firm has a market cap of £24.95 billion, a P/E ratio of 1,953.42, a PEG ratio of 1.72 and a beta of 1.33.

Ashtead Group Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, February 8th. Investors of record on Thursday, January 11th were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a yield of 0.25%. Ashtead Group’s dividend payout ratio (DPR) 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.