Ashtead Group (LON:AHT) Reaches New 52-Week Low - Should You Sell?

Ashtead Group plc (LON:AHT - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 4,379 ($56.72) and last traded at GBX 4,383.10 ($56.78), with a volume of 7641192 shares trading hands. The stock had previously closed at GBX 4,516 ($58.50).

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AHT shares. JPMorgan Chase & Co. upped their price objective on shares of Ashtead Group from GBX 6,600 ($85.49) to GBX 7,300 ($94.56) and gave the stock an "overweight" rating in a research report on Friday, December 6th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 6,800 ($88.08) price target on shares of Ashtead Group in a research note on Monday, December 16th. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 7,000 ($90.67) target price on shares of Ashtead Group in a research report on Wednesday, January 22nd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of GBX 6,840 ($88.60).

Ashtead Group Trading Down 1.2 %

The company has a market capitalization of £23.31 billion, a PE ratio of 15.19, a P/E/G ratio of 1.32 and a beta of 1.22. The company has a debt-to-equity ratio of 146.30, a current ratio of 1.31 and a quick ratio of 1.13. The firm's 50 day moving average is GBX 4,981.81 and its 200 day moving average is GBX 5,423.51.

Ashtead Group (LON:AHT - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX 77.20 ($1.00) EPS for the quarter. Ashtead Group had a return on equity of 21.43% and a net margin of 14.08%. As a group, equities analysts predict that Ashtead Group plc will post 363.5658915 EPS for the current year.

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Ashtead Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 9th were given a dividend of $0.36 per share. This represents a dividend yield of 0.45%. The ex-dividend date was Thursday, January 9th. Ashtead Group's dividend payout ratio is currently 28.47%.

Ashtead Group Company Profile

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.