Ashtead Group plc (LON:AHT – Get Free Report) has earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 4,709.38 ($59.51).
A number of equities analysts have recently issued reports on AHT shares. Berenberg Bank raised their target price on shares of Ashtead Group to GBX 700 ($8.85) and gave the stock a “buy” rating in a research report on Monday, December 4th. Royal Bank of Canada decreased their price target on Ashtead Group from GBX 5,300 ($66.98) to GBX 5,100 ($64.45) and set a “sector perform” rating for the company in a report on Tuesday, March 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 6,800 ($85.93) price target on shares of Ashtead Group in a report on Friday, February 16th. Finally, Canaccord Genuity Group downgraded Ashtead Group to a “hold” rating and set a GBX 615 ($7.77) price target for the company. in a report on Monday, December 4th.
View Our Latest Research Report on Ashtead Group
Ashtead Group Stock Performance
Ashtead Group Cuts Dividend
The firm also recently announced a dividend, which was paid on Thursday, February 8th. Shareholders of record on Thursday, January 11th were issued a $0.16 dividend. This represents a yield of 0.25%. The ex-dividend date was Thursday, January 11th. Ashtead Group’s dividend payout ratio (DPR) is currently 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.
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