Ashtead Group plc (OTCMKTS:ASHTY) Given Average Rating of “Moderate Buy” by Analysts

Ashtead Group plc (OTCMKTS:ASHTYGet Rating) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $5,447.20.

ASHTY has been the subject of several recent analyst reports. Liberum Capital raised shares of Ashtead Group from a “hold” rating to a “buy” rating in a report on Friday, October 7th. Barclays boosted their price objective on Ashtead Group from GBX 5,650 ($68.94) to GBX 6,000 ($73.22) in a report on Wednesday, December 7th. Morgan Stanley increased their target price on Ashtead Group from GBX 4,830 ($58.94) to GBX 5,000 ($61.01) in a report on Wednesday, December 7th. Finally, Royal Bank of Canada lowered Ashtead Group from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 12th.

Ashtead Group Stock Performance

Shares of ASHTY stock opened at $252.53 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.25 and a quick ratio of 1.13. The company’s fifty day moving average price is $240.20 and its two-hundred day moving average price is $214.26. The firm has a market capitalization of $27.71 billion, a P/E ratio of 18.89, a P/E/G ratio of 0.88 and a beta of 1.81. Ashtead Group has a 12 month low of $161.67 and a 12 month high of $298.88.

Ashtead Group (OTCMKTS:ASHTYGet Rating) last released its quarterly earnings results on Tuesday, December 6th. The company reported $4.69 EPS for the quarter. The business had revenue of $2.54 billion for the quarter. Ashtead Group had a return on equity of 30.61% and a net margin of 16.72%. On average, research analysts anticipate that Ashtead Group will post 14.68 earnings per share for the current fiscal year.

Ashtead Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 24th. Shareholders of record on Friday, January 13th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, January 12th. This represents a yield of 1.34%. Ashtead Group’s dividend payout ratio is currently 8.23%.

About Ashtead Group

(Get Rating)

Ashtead Group Plc engages in the provision of equipment rental services. The company offers a full range of construction and industrial equipment. Its specialty product range includes equipment types such as 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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