Ashtead Group (OTCMKTS:ASHTY) Reaches New 12-Month Low – Time to Sell?

Ashtead Group plc (OTCMKTS:ASHTY) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $241.88 and last traded at $242.14, with a volume of 30102 shares traded. The stock had previously closed at $244.50.

Analysts Set New Price Targets

ASHTY has been the subject of several recent research reports. The Goldman Sachs Group lowered shares of Ashtead Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Berenberg Bank raised shares of Ashtead Group to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Royal Bank of Canada upgraded shares of Ashtead Group from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd.

Ashtead Group Stock Up 1.8 %

The company has a quick ratio of 1.08, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $26.92 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.72 and a beta of 1.69. The business’s 50-day moving average price is $296.18 and its 200-day moving average price is $288.74.

Ashtead Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, February 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $1.44 per share. The ex-dividend date of this dividend is Friday, January 10th. Ashtead Group’s dividend payout ratio (DPR) is currently 19.70%.

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.