Brokerages Set Ashtead Group plc (LON:AHT) Price Target at GBX 6,550

Ashtead Group plc (LON:AHT) has been given an average rating of “Moderate Buy” by the six research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 6,550 ($82.42).

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 6,500 ($81.79) target price on shares of Ashtead Group in a research note on Wednesday, September 4th. Berenberg Bank reiterated a “buy” rating and set a GBX 7,000 ($88.08) price objective on shares of Ashtead Group in a research report on Monday, October 14th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,800 ($85.57) price objective on shares of Ashtead Group in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Ashtead Group from GBX 6,600 ($83.05) to GBX 7,300 ($91.86) and gave the stock an “overweight” rating in a research note on Friday, December 6th.

Ashtead Group Stock Down 0.1 %

Shares of LON AHT opened at GBX 4,942 ($62.19) on Wednesday. The firm’s 50-day moving average is GBX 5,855.78 and its two-hundred day moving average is GBX 5,554.54. The company has a market capitalization of £21.58 billion, a PE ratio of 1,864.91, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. Ashtead Group has a 12-month low of GBX 4,711 ($59.28) and a 12-month high of GBX 6,448 ($81.14). The company has a debt-to-equity ratio of 145.75, a current ratio of 1.17 and a quick ratio of 1.13.

Ashtead Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be issued a $0.36 dividend. This represents a yield of 0.45%. The ex-dividend date is Thursday, January 9th. Ashtead Group’s dividend payout ratio (DPR) is 3,018.87%.

Insider Transactions at Ashtead Group

In other Ashtead Group news, insider Lucinda Riches sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of GBX 5,880 ($73.99), for a total transaction of £58,800 ($73,990.18). Also, insider Brendan Horgan acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average price of GBX 5,320 ($66.94) per share, for a total transaction of £212,800 ($267,774.00). Insiders own 0.64% of the company’s stock.

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.