Ashtead Group (LON:AHT) Sets New 52-Week Low - Here's Why

Ashtead Group plc (LON:AHT - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 3,477 ($45.51) and last traded at GBX 3,592 ($47.02), with a volume of 38747590 shares trading hands. The stock had previously closed at GBX 3,789 ($49.59).

Wall Street Analysts Forecast Growth

A number of research firms have commented on AHT. Berenberg Bank restated a "buy" rating and set a GBX 7,000 ($91.62) target price on shares of Ashtead Group in a research note on Wednesday, January 22nd. Jefferies Financial Group restated a "buy" rating and set a GBX 6,800 ($89.01) price objective on shares of Ashtead Group in a research report on Monday, December 16th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 6,840 ($89.53).

Ashtead Group Stock Down 1.3 %

The company has a current ratio of 1.31, a quick ratio of 1.13 and a debt-to-equity ratio of 146.30. The company has a 50 day simple moving average of GBX 4,483.79 and a two-hundred day simple moving average of GBX 5,234.75. The firm has a market capitalization of £20.85 billion, a P/E ratio of 13.59, a P/E/G ratio of 1.32 and a beta of 1.22.

Ashtead Group (LON:AHT - Get Free Report) last issued its earnings results on Tuesday, March 4th. The company reported GBX 77.20 ($1.01) earnings per share for the quarter. Ashtead Group had a net margin of 14.08% and a return on equity of 21.43%. On average, equities analysts predict that Ashtead Group plc will post 363.5658915 EPS for the current fiscal year.

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Ashtead Group Cuts Dividend

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

Insider Buying and Selling

In other Ashtead Group news, insider Renata Ribeiro purchased 150 shares of Ashtead Group stock in a transaction that occurred on Friday, April 11th. The shares were bought at an average price of GBX 3,932 ($51.47) per share, for a total transaction of £5,898 ($7,719.90). 0.64% of the stock is owned by company insiders.

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.