Ashtead Group plc (LON:AHT) Receives GBX 6,550 Consensus PT from Analysts

Shares of Ashtead Group plc (LON:AHT) have been given an average recommendation of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 6,550 ($82.42).

A number of equities analysts have recently commented on AHT shares. Berenberg Bank reissued a “buy” rating and set a GBX 7,000 ($88.08) price objective on shares of Ashtead Group in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price target on shares of Ashtead Group from GBX 6,600 ($83.05) to GBX 7,300 ($91.86) and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,800 ($85.57) price objective on shares of Ashtead Group in a research report on Monday, December 16th.

Ashtead Group Trading Up 1.0 %

AHT opened at GBX 4,995 ($62.85) on Thursday. The business has a fifty day moving average price of GBX 5,100.98 and a 200 day moving average price of GBX 5,490.09. The company has a debt-to-equity ratio of 146.30, a current ratio of 1.31 and a quick ratio of 1.13. Ashtead Group has a 12 month low of GBX 4,807 ($60.49) and a 12 month high of GBX 6,448 ($81.14). The stock has a market capitalization of £27.27 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.32 and a beta of 1.22.

Ashtead Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 9th were paid a $0.36 dividend. The ex-dividend date was Thursday, January 9th. This represents a yield of 0.45%. Ashtead Group’s dividend payout ratio is currently 28.47%.

Insiders Place Their Bets

In other news, insider Brendan Horgan acquired 4,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of GBX 5,320 ($66.94) per share, with a total value of £212,800 ($267,774.00). 0.64% of the stock is owned by corporate insiders.

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.