Ashtead Group plc (LON:AHT – Get Free Report)’s share price reached a new 52-week high during trading 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. The stock had previously closed at GBX 5,760 ($71.15).
Analysts Set New Price Targets
Several analysts recently commented on the company. 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 on the stock in a report on Tuesday, March 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 6,800 ($83.99) target price on shares of Ashtead Group in a report on Friday, February 16th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 4,709.38 ($58.17).
Check Out Our Latest Stock Analysis on Ashtead Group
Ashtead Group Stock Up 2.8 %
Ashtead Group Cuts Dividend
The company also recently announced a dividend, which was paid on Thursday, February 8th. Stockholders of record on Thursday, January 11th were given a $0.16 dividend. The ex-dividend date of this dividend 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.
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