Ashtead Group plc (AHT) Declares GBX 5.50 Dividend
Ashtead Group plc (LON:AHT) announced a dividend on Tuesday, December 12th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 18th will be paid a dividend of GBX 5.50 ($0.07) per share on Wednesday, February 7th. This represents a yield of 0.29%. The ex-dividend date is Thursday, January 18th. The official announcement can be accessed at this link.
Shares of Ashtead Group (AHT) opened at GBX 2,105 ($28.55) on Friday. Ashtead Group has a fifty-two week low of GBX 1,476 ($20.02) and a fifty-two week high of GBX 2,118 ($28.72). The company has a market cap of $10,500.00 and a PE ratio of 1,913.64.
Ashtead Group (LON:AHT) last issued its quarterly earnings data on Tuesday, December 12th. The company reported GBX 70.20 ($0.95) EPS for the quarter, topping analysts’ consensus estimates of GBX 69.10 ($0.94) by GBX 1.10 ($0.01). Ashtead Group had a net margin of 16.77% and a return on equity of 32.51%. The firm had revenue of GBX 189.91 billion for the quarter.
In other Ashtead Group news, insider Suzanne Wood sold 145,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of GBX 2,056 ($27.88), for a total transaction of £2,981,200 ($4,042,853.27).
AHT has been the topic of a number of research analyst reports. Citigroup reissued a “buy” rating and set a GBX 2,000 ($27.12) price objective on shares of Ashtead Group in a report on Monday, October 30th. Liberum Capital reissued a “buy” rating and set a GBX 2,030 ($27.53) price objective on shares of Ashtead Group in a report on Thursday, October 19th. Barclays increased their price objective on shares of Ashtead Group from GBX 1,867 ($25.32) to GBX 2,263 ($30.69) and gave the stock an “overweight” rating in a report on Wednesday, December 13th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,800 ($24.41) price objective on shares of Ashtead Group in a report on Friday, October 20th. Finally, Deutsche Bank reissued a “hold” rating and set a GBX 1,800 ($24.41) price objective on shares of Ashtead Group in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Ashtead Group currently has a consensus rating of “Buy” and an average price target of GBX 2,078.20 ($28.18).
About Ashtead Group
Ashtead Group plc is an equipment rental company. The Company rents a range of construction and industrial equipment across a range of applications to a diverse customer base. The Company’s segments include Sunbelt and A-Plant. The Company operates in the United States, the United Kingdom and Canada.
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