Ashtead Group (OTCMKTS:ASHTY) Lowered to Hold Rating by The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Ashtead Group (OTCMKTS:ASHTY) from a strong-buy rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

ASHTY has been the topic of several other reports. Royal Bank of Canada upgraded Ashtead Group from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd. Berenberg Bank upgraded shares of Ashtead Group to a “strong-buy” rating in a research note on Thursday, September 19th.

Ashtead Group Trading Down 2.6 %

ASHTY opened at $267.41 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.08 and a debt-to-equity ratio of 1.08. The firm has a market cap of $29.23 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.94 and a beta of 1.64. Ashtead Group has a 12 month low of $241.94 and a 12 month high of $337.95. The stock has a fifty day moving average price of $312.81 and a 200-day moving average price of $292.87.

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.