Ashtead Group (OTCMKTS:ASHTY) Reaches New 1-Year High at $335.50

Ashtead Group plc (OTCMKTS:ASHTY) hit a new 52-week high on Wednesday . The stock traded as high as $335.50 and last traded at $326.56, with a volume of 6053 shares. The stock had previously closed at $325.01.

Several research analysts have issued reports on ASHTY shares. Royal Bank of Canada reiterated a “sector perform” rating on shares of Ashtead Group in a research report on Monday, June 28th. Barclays reiterated an “overweight” rating on shares of Ashtead Group in a research report on Wednesday, June 16th. Deutsche Bank Aktiengesellschaft cut Ashtead Group from a “buy” rating to a “hold” rating in a research report on Friday, June 11th. Berenberg Bank reiterated a “hold” rating on shares of Ashtead Group in a research report on Wednesday. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Ashtead Group in a research report on Tuesday, July 20th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $349.00.

The business has a 50 day moving average of $312.88 and a 200 day moving average of $284.63. The company has a quick ratio of 1.08, a current ratio of 1.17 and a debt-to-equity ratio of 0.93. The firm has a market cap of $38.09 billion, a price-to-earnings ratio of 41.59 and a beta of 1.71.

Ashtead Group (OTCMKTS:ASHTY) last issued its quarterly earnings results on Tuesday, June 15th. The company reported $2.15 earnings per share (EPS) for the quarter. Ashtead Group had a return on equity of 24.00% and a net margin of 13.86%. The firm had revenue of $1.76 billion for the quarter. Research analysts predict that Ashtead Group plc will post 11.4 earnings per share for the current year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 6th. Shareholders of record on Friday, August 20th will be paid a $1.893 dividend. This is a positive change from Ashtead Group’s previous Semi-Annual dividend of $1.69. The ex-dividend date is Thursday, August 19th. Ashtead Group’s dividend payout ratio (DPR) is presently 43.36%.

About Ashtead Group (OTCMKTS:ASHTY)

Ashtead Group Plc engages in the provision of equipment rental services. The company offers a full range of construction and industrial equipment used in lift, power, generate, move, dig, compact, drill, support, scrub, pump, direct, heat, and ventilate. It operates through the following segments: Sunbelt, A-Plant, Sunbelt Canada, and Corporate Items.

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