Ashtead Group (LON:AHT) Reaches New 52-Week High at $5,952.00

Ashtead Group plc (LON:AHT)’s stock price reached a new 52-week high on Friday . The stock traded as high as GBX 5,952 ($73.52) and last traded at GBX 5,942 ($73.39), with a volume of 14092465 shares changing hands. The stock had previously closed at GBX 5,760 ($71.15).

Analysts Set New Price Targets

Several brokerages have recently commented on AHT. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 6,800 ($83.99) price objective on shares of Ashtead Group in a report on Friday, February 16th. Royal Bank of Canada dropped their target price on shares of Ashtead Group from GBX 5,300 ($65.46) to GBX 5,100 ($62.99) and set a “sector perform” rating for the company in a research report on Tuesday, March 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,709.38 ($58.17).

Ashtead Group Stock Up 6.0 %

The stock has a market capitalization of £26.70 billion, a P/E ratio of 2,090.41, a PEG ratio of 1.72 and a beta of 1.33. The stock has a 50 day moving average price of GBX 5,522.64 and a 200-day moving average price of GBX 5,205.47. The company has a debt-to-equity ratio of 162.35, a current ratio of 1.36 and a quick ratio of 1.13.

Ashtead Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 8th. Stockholders of record on Thursday, January 11th were paid a dividend of $0.16 per share. This represents a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, January 11th. Ashtead Group’s dividend payout ratio (DPR) is 2,739.73%.

Ashtead Group Company Profile

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.