Ashtead Group (LON:AHT) Share Price Passes Above 200-Day Moving Average of $0.00

Ashtead Group plc (LON:AHT) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $2,074.00. Ashtead Group shares last traded at $2,042.00, with a volume of 1,695,700 shares.

A number of analysts have commented on the company. Royal Bank of Canada boosted their price objective on Ashtead Group from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the stock an “outperform” rating in a report on Monday, June 24th. Morgan Stanley downgraded Ashtead Group to an “equal weight” rating in a research note on Wednesday, July 10th. Peel Hunt restated a “buy” rating on shares of Ashtead Group in a research note on Monday, June 17th. Deutsche Bank restated a “hold” rating on shares of Ashtead Group in a research note on Wednesday, June 19th. Finally, Numis Securities restated a “buy” rating and issued a GBX 2,800 ($36.59) target price on shares of Ashtead Group in a research note on Thursday, June 13th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 2,388.18 ($31.21).

The business has a 50 day moving average price of GBX 2,236.82 and a two-hundred day moving average price of GBX 2,065.22. The stock has a market cap of $9.45 billion and a PE ratio of 12.35. The company has a debt-to-equity ratio of 134.18, a quick ratio of 1.27 and a current ratio of 1.39.



The firm also recently announced a dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 15th will be paid a GBX 33.50 ($0.44) dividend. This represents a dividend yield of 1.61%. The ex-dividend date is Thursday, August 15th. This is an increase from Ashtead Group’s previous dividend of $6.50. Ashtead Group’s payout ratio is presently 0.24%.

In other news, insider Paul Walker acquired 14,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were acquired at an average price of GBX 2,163 ($28.26) per share, for a total transaction of £302,820 ($395,687.97). Also, insider Brendan Horgan sold 46,792 shares of the company’s stock in a transaction that occurred on Thursday, July 4th. The shares were sold at an average price of GBX 2,320 ($30.31), for a total value of £1,085,574.40 ($1,418,495.23).

About Ashtead Group (LON:AHT)

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

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