Ashtead Group plc (LON:AHT) Insider Renata Ribeiro Purchases 160 Shares

Ashtead Group plc (LON:AHT) insider Renata Ribeiro purchased 160 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was purchased at an average price of GBX 5,273 ($66.70) per share, with a total value of £8,436.80 ($10,671.39).

Ashtead Group Price Performance

Shares of LON AHT opened at GBX 5,132 ($64.91) on Wednesday. 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 company has a market cap of £22.40 billion, a PE ratio of 1,763.57, a P/E/G ratio of 1.26 and a beta of 1.29. The stock has a fifty day moving average price of GBX 5,648.92 and a 200 day moving average price of GBX 5,452.70. Ashtead Group plc has a 1-year low of GBX 4,437 ($56.12) and a 1-year high of GBX 6,180 ($78.17).

Ashtead Group Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 8th will be paid a dividend of $0.89 per share. This represents a dividend yield of 1.28%. This is a positive change from Ashtead Group’s previous dividend of $0.16. The ex-dividend date is Thursday, August 8th. Ashtead Group’s payout ratio is 2,749.14%.

Wall Street Analyst Weigh In

AHT has been the subject of a number of research analyst reports. Barclays reaffirmed an “overweight” rating and issued a GBX 6,600 ($83.48) price target on shares of Ashtead Group in a report on Wednesday, May 15th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,150 ($77.79) price target on shares of Ashtead Group in a research note on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ashtead Group from GBX 6,800 ($86.01) to GBX 6,500 ($82.22) and set a “buy” rating for the company in a research note on Monday, June 24th. Finally, Royal Bank of Canada cut their target price on Ashtead Group from GBX 5,300 ($67.04) to GBX 5,100 ($64.51) and set a “sector perform” rating on the stock in a research report on Tuesday, March 12th. Two 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, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 4,933.13 ($62.40).

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.