Ashtead Group plc (LON:AHT) Insider Renata Ribeiro Purchases 160 Shares

Ashtead Group plc (LON:AHT) insider Renata Ribeiro purchased 160 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were acquired at an average price of GBX 5,273 ($66.70) per share, with a total value of £8,436.80 ($10,671.39).

Ashtead Group Trading Down 1.6 %

Shares of AHT traded down GBX 86 ($1.09) during mid-day trading on Tuesday, hitting GBX 5,132 ($64.91). 737,827 shares of the company’s stock traded hands, compared to its average volume of 829,856. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 162.35. Ashtead Group plc has a 1 year low of GBX 4,437 ($56.12) and a 1 year high of GBX 6,180 ($78.17). The firm has a market capitalization of £22.40 billion, a P/E ratio of 1,793.13, a PEG ratio of 1.26 and a beta of 1.29. The business’s 50-day moving average price is GBX 5,660.76 and its 200-day moving average price is GBX 5,454.81.

Ashtead Group Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 8th will be paid a $0.89 dividend. This represents a yield of 1.28%. This is a boost from Ashtead Group’s previous dividend of $0.16. The ex-dividend date of this dividend is Thursday, August 8th. Ashtead Group’s dividend payout ratio is presently 2,749.14%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AHT shares. Royal Bank of Canada dropped their target price on Ashtead Group from GBX 5,300 ($67.04) to GBX 5,100 ($64.51) and set a “sector perform” rating for the company in a research report on Tuesday, March 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on Ashtead Group from GBX 6,800 ($86.01) to GBX 6,500 ($82.22) and set a “buy” rating for the company in a research report on Monday, June 24th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,150 ($77.79) price objective on shares of Ashtead Group in a research report on Wednesday, June 12th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 6,600 ($83.48) price objective on shares of Ashtead Group in a research report on Wednesday, May 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 4,933.13 ($62.40).

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.