Ashtead Group plc (LON:AHT - Get Free Report) fell 9.3% during trading on Tuesday . The stock traded as low as GBX 5,628 ($71.90) and last traded at GBX 5,690 ($72.70). 45,753,801 shares changed hands during mid-day trading, an increase of 3,604% from the average session volume of 1,235,376 shares. The stock had previously closed at GBX 6,272 ($80.13).
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 6,500 ($83.05) target price on shares of Ashtead Group in a research note on Wednesday, September 4th. Berenberg Bank reissued a "buy" rating and issued a GBX 7,000 ($89.43) price objective on shares of Ashtead Group in a research note on Monday, October 14th. JPMorgan Chase & Co. raised their target price on Ashtead Group from GBX 6,600 ($84.32) to GBX 7,300 ($93.27) and gave the company an "overweight" rating in a research note on Friday. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 6,150 ($78.57) price objective on shares of Ashtead Group in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Ashtead Group presently has a consensus rating of "Moderate Buy" and an average target price of GBX 6,441.67 ($82.30).
View Our Latest Stock Analysis on Ashtead Group
Ashtead Group Stock Performance
The stock has a market capitalization of £23.55 billion, a PE ratio of 2,081.51, a P/E/G ratio of 1.32 and a beta of 1.22. The company has a debt-to-equity ratio of 145.75, a quick ratio of 1.13 and a current ratio of 1.17. The firm has a 50 day moving average of GBX 6,029.11 and a 200-day moving average of GBX 5,611.93.
Ashtead Group Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a $0.36 dividend. This represents a dividend yield of 0.45%. The ex-dividend date is Thursday, January 9th. Ashtead Group's payout ratio is 3,018.87%.
Insider Buying and Selling
In other news, insider Lucinda Riches sold 1,000 shares of the firm's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of GBX 5,880 ($75.12), for a total value of £58,800 ($75,124.57). Insiders own 0.64% of the company's stock.
About Ashtead Group
(
Get Free Report)
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.
See Also
Before you consider Ashtead Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ashtead Group wasn't on the list.
While Ashtead Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
