Ashtead Group plc (LON:AHT) Receives GBX 4,933.13 Average Price Target from Analysts

Shares of Ashtead Group plc (LON:AHTGet Free Report) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 4,933.13 ($63.19).

AHT has been the topic of several research reports. Barclays restated an “overweight” rating and set a GBX 6,600 ($84.54) price objective on shares of Ashtead Group in a report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ashtead Group from GBX 6,800 ($87.10) to GBX 6,500 ($83.26) and set a “buy” rating on the stock in a report on Monday, June 24th. Jefferies Financial Group restated a “buy” rating and set a GBX 6,150 ($78.78) price objective on shares of Ashtead Group in a report on Wednesday, June 12th. Finally, Royal Bank of Canada dropped their price objective on shares of Ashtead Group from GBX 5,300 ($67.89) to GBX 5,100 ($65.33) and set a “sector perform” rating on the stock in a report on Tuesday, March 12th.

Read Our Latest Stock Report on AHT

Ashtead Group Stock Performance

LON:AHT opened at GBX 5,064.80 ($64.88) on Wednesday. The firm’s 50-day moving average is GBX 5,573.24 and its 200-day moving average is GBX 5,442.25. Ashtead Group has a 52-week low of GBX 4,437 ($56.83) and a 52-week high of GBX 6,180 ($79.16). The company has a debt-to-equity ratio of 162.35, a quick ratio of 1.13 and a current ratio of 1.36. The company has a market cap of £22.10 billion, a price-to-earnings ratio of 1,728.52, a PEG ratio of 1.26 and a beta of 1.29.

Ashtead Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 8th will be given a dividend of $0.89 per share. This is a positive change from Ashtead Group’s previous dividend of $0.16. This represents a dividend yield of 1.28%. The ex-dividend date is Thursday, August 8th. Ashtead Group’s payout ratio is 2,749.14%.

Insider Activity

In other Ashtead Group news, insider Renata Ribeiro bought 160 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were acquired at an average cost of GBX 5,273 ($67.54) per share, for a total transaction of £8,436.80 ($10,806.71). In other news, insider Brendan Horgan sold 37,063 shares of Ashtead Group stock in a transaction dated Friday, July 5th. The shares were sold at an average price of GBX 5,112 ($65.48), for a total transaction of £1,894,660.56 ($2,426,874.04). Also, insider Renata Ribeiro bought 160 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were acquired at an average price of GBX 5,273 ($67.54) per share, for a total transaction of £8,436.80 ($10,806.71). 0.67% of the stock is owned by company insiders.

Ashtead Group Company Profile

(Get Free Report

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.

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Analyst Recommendations for Ashtead Group (LON:AHT)

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