Ashtead Group plc (AHT) to Issue Dividend of $0.36 on February 7th

Ashtead Group plc (LON:AHT) declared a dividend on Wednesday, December 10th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, January 9th will be given a dividend of $0.36 per share on Friday, February 7th. This represents a yield of 0.45%. The ex-dividend date is Thursday, January 9th. The official announcement can be seen at this link.

Ashtead Group Stock Performance

Shares of LON AHT opened at GBX 5,024 ($62.85) on Tuesday. Ashtead Group has a 12-month low of GBX 4,711 ($58.94) and a 12-month high of GBX 6,448 ($80.67). The company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 145.75. The company has a market cap of £21.94 billion, a PE ratio of 1,895.85, a P/E/G ratio of 1.32 and a beta of 1.22. The stock has a 50 day simple moving average of GBX 5,746.33 and a 200-day simple moving average of GBX 5,530.34.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Ashtead Group from GBX 6,600 ($82.57) to GBX 7,300 ($91.33) and gave the stock an “overweight” rating in a research note on Friday, December 6th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 7,000 ($87.58) price objective on shares of Ashtead Group in a research note on Monday, October 14th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,800 ($85.07) target price on shares of Ashtead Group in a research report on Monday, December 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 6,550 ($81.95).

Insiders Place Their Bets

In related news, insider Brendan Horgan purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of GBX 5,320 ($66.56) per share, for a total transaction of £212,800 ($266,232.95). Also, insider Lucinda Riches sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of GBX 5,880 ($73.56), for a total value of £58,800 ($73,564.37). Company insiders own 0.64% of the company’s stock.

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.