Ashtead Group (LON:AHT) Stock Rating Reaffirmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Ashtead Group (LON:AHTGet Rating) in a research note released on Monday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a GBX 6,100 ($74.72) target price on the stock.

A number of other research analysts also recently issued reports on AHT. Deutsche Bank Aktiengesellschaft restated a hold rating and set a GBX 4,136 ($50.66) price target on shares of Ashtead Group in a research note on Wednesday, June 15th. Liberum Capital reiterated a hold rating and issued a GBX 5,050 ($61.86) target price on shares of Ashtead Group in a research note on Thursday, March 10th. Royal Bank of Canada upgraded Ashtead Group to an outperform rating and lowered their target price for the company from GBX 4,950 ($60.63) to GBX 4,625 ($56.65) in a research note on Wednesday, May 11th. Barclays lowered their target price on Ashtead Group from GBX 6,650 ($81.46) to GBX 5,940 ($72.76) and set an overweight rating on the stock in a research note on Tuesday, March 8th. Finally, Morgan Stanley reiterated an equal weight rating on shares of Ashtead Group in a research note on Wednesday, March 9th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of GBX 5,393.88 ($66.07).

LON:AHT opened at GBX 3,359 ($41.14) on Monday. The stock’s 50 day moving average price is GBX 4,011.35 and its 200 day moving average price is GBX 4,858.87. The company has a market capitalization of £14.87 billion and a PE ratio of 14.67. The company has a quick ratio of 0.96, a current ratio of 1.07 and a debt-to-equity ratio of 142.55. Ashtead Group has a 52-week low of GBX 3,269 ($40.04) and a 52-week high of GBX 6,572 ($80.50).

The firm also recently declared a dividend, which will be paid on Friday, September 9th. Stockholders of record on Thursday, August 11th will be issued a $0.68 dividend. This is a boost from Ashtead Group’s previous dividend of $0.13. This represents a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, August 11th. Ashtead Group’s dividend payout ratio (DPR) is currently 0.26%.

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 offers range of products and services, such as general tools, air compressors and accessories, compaction and earth moving, climate control services, power and HVAC, pump solutions, remediation and restoration, flooring solutions, and lighting and grip.

Further Reading

Analyst Recommendations for Ashtead Group (LON:AHT)

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