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Ashtead Group plc (LON:AHT - Get Rating) has been assigned a consensus recommendation of "Hold" from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 5,260.17 ($63.56).

AHT has been the topic of several analyst reports. Barclays reiterated an "overweight" rating and set a GBX 5,650 ($68.27) price target on shares of Ashtead Group in a research note on Wednesday, August 10th. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 6,100 ($73.71) target price on shares of Ashtead Group in a research note on Thursday, July 28th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 4,136 ($49.98) target price on shares of Ashtead Group in a research note on Wednesday, June 15th. Finally, Royal Bank of Canada restated an "outperform" rating and set a GBX 4,825 ($58.30) target price on shares of Ashtead Group in a research note on Thursday, August 18th.Ashtead Group Trading Down 1.4 %

Shares of Ashtead Group stock opened at GBX 4,298 ($51.93) on Friday. The company's fifty day simple moving average is GBX 4,070.50 and its 200-day simple moving average is GBX 4,345.50. The stock has a market capitalization of £18.96 billion and a PE ratio of 1,813.50. Ashtead Group has a 1-year low of GBX 3,269 ($39.50) and a 1-year high of GBX 6,572 ($79.41). 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 Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, September 9th. Shareholders of record on Thursday, August 11th will be issued a $0.68 dividend. This is an increase from Ashtead Group's previous dividend of $0.13. This represents a yield of 1.46%. The ex-dividend date is Thursday, August 11th. Ashtead Group's payout ratio is currently 25.58%. 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.Featured ArticlesWhy This Dip in Advanced Auto Parts May be an OpportunityMarketBeat: Week in Review 8/22 - 8/26Institutional Buying Put A Bottom In Marvell Technology Dell Stock Retreats On Weaker Sales, Falls Into Value Terrirtory3 Reasons Dollar General’s Rally Has Legs

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