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Ashtead Group plc (OTCMKTS:ASHTY - Get Rating) has been assigned an average recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $5,227.67.

ASHTY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Ashtead Group from GBX 4,770 ($57.64) to GBX 4,136 ($49.98) in a research report on Wednesday, May 18th. Barclays reduced their price objective on Ashtead Group from GBX 5,940 ($71.77) to GBX 5,650 ($68.27) in a research report on Wednesday, June 15th. OTR Global downgraded Ashtead Group to a "positive" rating in a research report on Wednesday, June 22nd. Morgan Stanley upped their target price on Ashtead Group from GBX 4,115 ($49.72) to GBX 4,655 ($56.25) in a research report on Friday. Finally, Royal Bank of Canada upped their target price on Ashtead Group from GBX 4,625 ($55.88) to GBX 4,825 ($58.30) in a research report on Wednesday, June 15th.Ashtead Group Stock Down 2.9 %

OTCMKTS:ASHTY opened at $214.77 on Monday. The firm has a market capitalization of $23.68 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 0.68 and a beta of 1.84. The stock has a 50 day moving average of $194.88 and a 200-day moving average of $223.95. Ashtead Group has a 52 week low of $161.67 and a 52 week high of $349.69. The company has a current ratio of 1.29, a quick ratio of 1.18 and a debt-to-equity ratio of 1.02. Ashtead Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 26th. Investors of record on Friday, August 12th will be given a $2.65 dividend. This represents a yield of 1.4%. The ex-dividend date is Thursday, August 11th. This is a positive change from Ashtead Group's previous dividend of $0.45. Ashtead Group's dividend payout ratio is 50.19%. Ashtead Group Company Profile (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 ArticlesGet a free copy of the StockNews.com research report on Ashtead Group (ASHTY)2 EV Suppliers Powering To Gains After Raising Views Applied Materials Results Show A Slowing Semiconductor MarketMarketBeat: Week in Review 8/15 - 8/19Apple’s Stock Could Be On The Verge Of Another 30% RallyNear-Term Headwinds Present An Opportunity In Ross Stores

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