Liberum Capital restated their buy rating on shares of Ashtead Group (LON:AHT) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other equities research analysts also recently issued reports on the company. Jefferies Financial Group reissued a hold rating on shares of COMPASS GRP PLC/S in a research note on Tuesday, April 9th. Morgan Stanley increased their price objective on Williams-Sonoma from $52.00 to $56.00 and gave the stock an underweight rating in a research note on Wednesday, July 10th. Deutsche Bank reduced their price objective on from GBX 295 ($3.85) to GBX 285 ($3.72) and set a buy rating for the company in a research note on Wednesday, June 19th. Royal Bank of Canada increased their price objective on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the stock an outperform rating in a research note on Monday, June 24th. Finally, Peel Hunt reissued a buy rating on shares of GB Group in a research note on Monday, June 17th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of GBX 2,388.18 ($31.21).

Shares of Ashtead Group stock opened at GBX 2,211 ($28.89) on Thursday. The business has a 50-day simple moving average of GBX 2,126.66. The stock has a market cap of $10.28 billion and a P/E ratio of 13.37. The company has a debt-to-equity ratio of 134.18, a quick ratio of 1.27 and a current ratio of 1.39. Ashtead Group has a 1 year low of GBX 1,572.50 ($20.55) and a 1 year high of GBX 2,461 ($32.16).

The company also recently declared a dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 15th will be paid a dividend of GBX 33.50 ($0.44) per share. The ex-dividend date is Thursday, August 15th. This is an increase from Ashtead Group’s previous dividend of $6.50. This represents a dividend yield of 1.61%. Ashtead Group’s dividend payout ratio (DPR) is 0.24%.

In other news, insider Paul Walker purchased 14,000 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was bought at an average cost of GBX 2,163 ($28.26) per share, with a total value of £302,820 ($395,687.97). Also, insider Brendan Horgan sold 46,792 shares of the firm’s stock in a transaction dated Thursday, July 4th. The stock was sold at an average price of GBX 2,320 ($30.31), for a total value of £1,085,574.40 ($1,418,495.23).

About Ashtead Group

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

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Analyst Recommendations for Ashtead Group (LON:AHT)

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