Brokerages Set Ashtead Group plc (LON:AHT) Price Target at GBX 5,783.57

Ashtead Group plc (LON:AHT – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 5,783.57 ($70.49).

Several research firms have weighed in on AHT. Jefferies Financial Group boosted their target price on shares of Ashtead Group from GBX 6,000 ($73.13) to GBX 7,000 ($85.31) and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Peel Hunt reissued a “buy” rating and set a GBX 5,200 ($63.38) target price on shares of Ashtead Group in a research report on Tuesday, March 7th. Barclays boosted their target price on shares of Ashtead Group from GBX 5,650 ($68.86) to GBX 6,000 ($73.13) and gave the stock an “overweight” rating in a research report on Wednesday, December 7th. JPMorgan Chase & Co. boosted their target price on shares of Ashtead Group from GBX 5,500 ($67.03) to GBX 6,000 ($73.13) and gave the stock an “overweight” rating in a research report on Monday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 4,460 ($54.36) target price on shares of Ashtead Group in a research report on Wednesday, March 8th.

Ashtead Group Stock Down 1.5 %

Shares of Ashtead Group stock opened at GBX 4,866 ($59.31) on Thursday. The firm’s 50 day moving average price is GBX 5,391 and its 200-day moving average price is GBX 4,864.37. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 154.56. Ashtead Group has a 52-week low of GBX 3,269 ($39.84) and a 52-week high of GBX 6,012 ($73.27). The company has a market cap of £21.35 billion, a P/E ratio of 1,763.04, a PEG ratio of 1.92 and a beta of 1.49.

Ashtead Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 9th. Investors of record on Thursday, January 12th were issued a $0.15 dividend. This represents a yield of 0.24%. The ex-dividend date of this dividend was Thursday, January 12th. Ashtead Group’s payout ratio is presently 2,500.00%.

Ashtead Group Company Profile

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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.