Brokerages Set Ashtead Group plc (LON:AHT) PT at GBX 4,709.38

Shares of Ashtead Group plc (LON:AHT) have earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 4,709.38 ($59.51).

AHT has been the subject of several recent analyst reports. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 6,800 ($85.93) price target on shares of Ashtead Group in a research note on Friday, February 16th. Berenberg Bank increased their price target on Ashtead Group to GBX 700 ($8.85) and gave the stock a “buy” rating in a research note on Monday, December 4th. Canaccord Genuity Group cut Ashtead Group to a “hold” rating and set a GBX 615 ($7.77) price target for the company. in a research note on Monday, December 4th. Finally, Royal Bank of Canada decreased their price target on Ashtead Group from GBX 5,300 ($66.98) to GBX 5,100 ($64.45) and set a “sector perform” rating for the company in a research note on Tuesday, March 12th.

Ashtead Group Price Performance

Shares of LON AHT opened at GBX 5,564 ($70.31) on Monday. Ashtead Group has a 1-year low of GBX 4,386 ($55.43) and a 1-year high of GBX 5,794 ($73.22). The company has a debt-to-equity ratio of 162.35, a current ratio of 1.36 and a quick ratio of 1.13. The business’s fifty day moving average price is GBX 5,280.48 and its two-hundred day moving average price is GBX 5,105.05. The firm has a market capitalization of £24.34 billion, a PE ratio of 1,905.48, a P/E/G ratio of 1.95 and a beta of 1.33.

Ashtead Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 8th. Investors of record on Thursday, January 11th were paid a $0.16 dividend. This represents a yield of 0.25%. The ex-dividend date of this dividend was Thursday, January 11th. Ashtead Group’s dividend payout ratio is currently 2,739.73%.

About Ashtead Group

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.