Posted by admin on Aug 18th, 2022

Ashtead Group plc (LON:AHT – Get Rating)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,386.63 ($53.00) and traded as high as GBX 4,680 ($56.55). Ashtead Group shares last traded at GBX 4,627 ($55.91), with a volume of 466,922 shares changing hands.

AHT has been the subject of a number of recent analyst reports. Royal Bank of Canada upgraded shares of Ashtead Group to an “outperform” rating and decreased their price target for the company from GBX 4,950 ($59.81) to GBX 4,625 ($55.88) in a report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 4,136 ($49.98) target price on shares of Ashtead Group in a report on Wednesday, June 15th. Barclays restated an “overweight” rating and issued a GBX 5,650 ($68.27) price target on shares of Ashtead Group in a research report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 6,100 ($73.71) target price on shares of Ashtead Group in a report on Thursday, July 28th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 5,265.86 ($63.63).

The firm has a 50 day moving average price of GBX 3,979.20 and a 200-day moving average price of GBX 4,386.63. The firm has a market cap of £20.41 billion and a price-to-earnings ratio of 2,003.03. The company has a debt-to-equity ratio of 142.55, a current ratio of 1.07 and a quick ratio of 0.96.

The firm also recently announced a dividend, which will be paid on Friday, September 9th. Shareholders of record on Thursday, August 11th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Thursday, August 11th. This is an increase from Ashtead Group’s previous dividend of $0.13. This represents a yield of 1.46%. Ashtead Group’s dividend payout ratio is presently 26.24%.

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.

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