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Ashtead Group plc (OTCMKTS:ASHTY - Get Rating) - Investment analysts at Jefferies Financial Group raised their FY2024 earnings per share estimates for Ashtead Group in a report released on Wednesday, September 14th. Jefferies Financial Group analyst A. Wells now expects that the company will post earnings of $14.83 per share for the year, up from their previous forecast of $14.66. The consensus estimate for Ashtead Group's current full-year earnings is $14.40 per share. Jefferies Financial Group also issued estimates for Ashtead Group's FY2025 earnings at $15.82 EPS.

Several other research firms have also issued reports on ASHTY. Morgan Stanley lifted their price target on shares of Ashtead Group from GBX 4,655 ($56.25) to GBX 4,830 ($58.36) in a research report on Wednesday, September 7th. Barclays decreased their price target on shares of Ashtead Group from GBX 5,940 ($71.77) to GBX 5,650 ($68.27) in a research report on Wednesday, June 15th. OTR Global lowered shares of Ashtead Group to a "positive" rating in a research report on Wednesday, June 22nd. Finally, Royal Bank of Canada lifted their price objective on shares of Ashtead Group from GBX 4,825 ($58.30) to GBX 5,150 ($62.23) in a research report on Thursday, September 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,311.00.Ashtead Group Price Performance

Shares of OTCMKTS:ASHTY opened at $197.00 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.29 and a quick ratio of 1.18. The stock has a market cap of $21.70 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 0.62 and a beta of 1.85. Ashtead Group has a 12 month low of $161.67 and a 12 month high of $349.69. The stock's 50 day moving average price is $205.73 and its 200 day moving average price is $214.76.

The business also recently disclosed a dividend, which will be paid on Monday, September 26th. Stockholders of record on Friday, August 12th will be given a dividend of $2.65 per share. The ex-dividend date is Thursday, August 11th. This represents a dividend yield of 1.4%. This is a positive change from Ashtead Group's previous dividend of $0.45. 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 MoreGet a free copy of the StockNews.com research report on Ashtead Group (ASHTY)Kroger’s is Your One-Stop Consumer Staples StockAdobe Perfects the Art of the Faceplant for InvestorsTax Credits are the Incentives in the Inflation Reduction Act 3 Banks Worth Considering For Q4Stock Market: 3 Islands Of Strength In A Sea Of Red

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