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Ashtead Group plc (LON:AHT - Get Rating) has been assigned a consensus recommendation of "Hold" from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 5,275.17 ($64.64).

A number of equities analysts have recently issued reports on AHT shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 4,136 ($50.68) target price on shares of Ashtead Group in a report on Wednesday, June 15th. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 6,100 ($74.75) price target on shares of Ashtead Group in a research report on Thursday, July 28th. Finally, Royal Bank of Canada upgraded Ashtead Group to an "outperform" rating and decreased their price target for the stock from GBX 4,950 ($60.65) to GBX 4,625 ($56.67) in a research report on Wednesday, May 11th.Ashtead Group Stock Performance

Shares of LON AHT opened at GBX 4,517 ($55.35) on Wednesday. The business's 50-day moving average price is GBX 3,869.36 and its two-hundred day moving average price is GBX 4,430.13. The company has a debt-to-equity ratio of 142.55, a current ratio of 1.07 and a quick ratio of 0.96. Ashtead Group has a one year low of GBX 3,269 ($40.06) and a one year high of GBX 6,572 ($80.53). The company has a market capitalization of £19.96 billion and a P/E ratio of 1,953.02. Ashtead Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, September 9th. Investors of record on Thursday, August 11th will be paid a dividend of $0.68 per share. This represents a yield of 1.46%. The ex-dividend date is Thursday, August 11th. This is an increase from Ashtead Group's previous dividend of $0.13. Ashtead Group's dividend payout ratio (DPR) is presently 26.13%. About Ashtead Group (Get Rating)

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.Read More3 Health Care Stocks in Great Financial HealthAmazon Names Itself A Top Stock Of Q3 ContenderThe Significance of a Trillion-Dollar Market Cap Goes Beyond a Number3 Earnings Announcements That Could SurpriseMarket Fundamentals Drive Results For The Williams Companies 

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