Ashtead Group plc (LON:AHT) Receives GBX 4,709.38 Average Target Price from Analysts

Shares of Ashtead Group plc (LON:AHT) have received an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 4,709.38 ($58.63).

AHT has been the subject of several recent research reports. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 6,800 ($84.65) price target on shares of Ashtead Group in a research report on Friday, February 16th. Royal Bank of Canada dropped their target price on Ashtead Group from GBX 5,300 ($65.98) to GBX 5,100 ($63.49) and set a “sector perform” rating for the company in a report on Tuesday, March 12th.

Ashtead Group Price Performance

AHT stock opened at GBX 5,558 ($69.19) on Friday. Ashtead Group has a 52 week low of GBX 4,437 ($55.23) and a 52 week high of GBX 5,914 ($73.62). The firm has a market capitalization of £24.31 billion, a P/E ratio of 1,903.42, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. The company has a fifty day simple moving average of GBX 5,469.24 and a two-hundred day simple moving average of GBX 5,177.46. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 162.35.

Ashtead Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 8th. Stockholders of record on Thursday, January 11th were issued a $0.16 dividend. The ex-dividend date was Thursday, January 11th. This represents a dividend yield of 0.25%. Ashtead Group’s payout ratio is 2,739.73%.

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.