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

Shares of Ashtead Group plc (LON:AHT) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 4,709.38 ($58.17).

Several brokerages recently commented on AHT. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 6,800 ($83.99) price objective on shares of Ashtead Group in a research note on Friday, February 16th. Royal Bank of Canada dropped their target price on 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.

Ashtead Group Stock Performance

Shares of LON:AHT opened at GBX 5,731.85 ($70.80) on Friday. Ashtead Group has a 1 year low of GBX 4,437 ($54.80) and a 1 year high of GBX 5,914 ($73.05). The stock has a market capitalization of £25.07 billion, a price-to-earnings ratio of 1,960.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. The company has a debt-to-equity ratio of 162.35, a current ratio of 1.36 and a quick ratio of 1.13. The company’s 50 day simple moving average is GBX 5,487.08 and its 200 day simple moving average is GBX 5,188.80.

Ashtead Group Cuts Dividend

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