Ashtead Group (LON:AHT) Reaches New 52-Week Low - Here's What Happened

Ashtead Group plc (LON:AHT - Get Free Report)'s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 4,116 ($53.10) and last traded at GBX 4,142.23 ($53.43), with a volume of 1095968 shares trading hands. The stock had previously closed at GBX 4,246 ($54.77).

Analysts Set New Price Targets

AHT has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Ashtead Group from GBX 6,600 ($85.14) to GBX 7,300 ($94.17) and gave the company an "overweight" rating in a report on Friday, December 6th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 6,800 ($87.72) target price on shares of Ashtead Group in a research report on Monday, December 16th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 7,000 ($90.30) target price on shares of Ashtead Group in a report on Wednesday, January 22nd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of GBX 6,840 ($88.24).

Ashtead Group Stock Down 3.5 %

The company has a market capitalization of £20.69 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 1.32 and a beta of 1.22. The company has a quick ratio of 1.13, a current ratio of 1.31 and a debt-to-equity ratio of 146.30. The firm has a 50 day moving average price of GBX 4,682.29 and a two-hundred day moving average price of GBX 5,305.37.

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

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Ashtead Group Cuts Dividend

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