Ashtead Group plc (OTCMKTS:ASHTY) Receives Consensus Rating of “Moderate Buy” from Analysts

Ashtead Group plc (OTCMKTS:ASHTYGet Rating) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $5,311.00.

A number of analysts have issued reports on ASHTY shares. Royal Bank of Canada lifted their target price on shares of Ashtead Group from GBX 4,825 ($58.30) to GBX 5,150 ($62.23) in a research note on Thursday, September 8th. OTR Global cut shares of Ashtead Group to a “positive” rating in a research note on Wednesday, June 22nd. Barclays reduced their target price on shares of Ashtead Group from GBX 5,940 ($71.77) to GBX 5,650 ($68.27) in a research note on Wednesday, June 15th. Finally, Morgan Stanley lifted their target price on shares of Ashtead Group from GBX 4,655 ($56.25) to GBX 4,830 ($58.36) in a research note on Wednesday, September 7th.

Ashtead Group Price Performance

OTCMKTS ASHTY opened at $197.58 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.29 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $21.77 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 0.63 and a beta of 1.85. The company has a 50 day moving average price of $205.46 and a two-hundred day moving average price of $215.89. Ashtead Group has a 12-month low of $161.67 and a 12-month high of $349.69.

Ashtead Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 26th. Stockholders of record on Friday, August 12th will be paid a $2.65 dividend. This represents a dividend yield of 1.4%. This is a boost from Ashtead Group’s previous dividend of $0.45. The ex-dividend date of this dividend is Thursday, August 11th.

Ashtead Group Company Profile

(Get Rating)

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 (OTCMKTS:ASHTY)

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