Brokerages Set Ashtead Group plc (LON:AHT) Price Target at GBX 4,675

Ashtead Group plc (LON:AHTGet Free Report) has earned an average rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 4,675 ($58.61).

Several research firms recently commented on AHT. Barclays decreased their price target on shares of Ashtead Group from GBX 6,300 ($78.98) to GBX 6,000 ($75.22) and set an “overweight” rating on the stock in a research note on Tuesday, November 21st. JPMorgan Chase & Co. cut their price objective on shares of Ashtead Group from GBX 6,300 ($78.98) to GBX 5,800 ($72.71) and set an “overweight” rating for the company in a research report on Tuesday, November 21st. Berenberg Bank upped their price objective on shares of Ashtead Group to GBX 700 ($8.78) and gave the stock a “buy” rating in a research report on Monday, December 4th. Royal Bank of Canada cut their price objective on shares of Ashtead Group from GBX 5,500 ($68.95) to GBX 5,300 ($66.44) and set a “sector perform” rating for the company in a research report on Wednesday, November 22nd. Finally, Canaccord Genuity Group cut shares of Ashtead Group to a “hold” rating and set a GBX 615 ($7.71) price objective for the company. in a research report on Monday, December 4th.

Read Our Latest Analysis on AHT

Ashtead Group Price Performance

Shares of AHT opened at GBX 5,238 ($65.66) on Friday. Ashtead Group has a 1-year low of GBX 4,386 ($54.98) and a 1-year high of GBX 6,012 ($75.37). The company has a market cap of £22.92 billion, a price-to-earnings ratio of 1,752.51, a PEG ratio of 1.70 and a beta of 1.35. The company’s fifty day simple moving average is GBX 5,123.28 and its 200 day simple moving average is GBX 5,146.34. The company has a current ratio of 1.18, a quick ratio of 1.13 and a debt-to-equity ratio of 164.27.

Ashtead Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 8th. Stockholders of record on Thursday, January 11th will be given a dividend of $0.16 per share. This represents a dividend yield of 0.25%. The ex-dividend date is Thursday, January 11th. Ashtead Group’s dividend payout ratio (DPR) is 2,675.59%.

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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