Ashtead Group plc (LON:AHT - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5,560.68 ($71.56) and traded as high as GBX 6,280 ($80.81). Ashtead Group shares last traded at GBX 6,268 ($80.66), with a volume of 763,448 shares trading hands.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on AHT shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 6,500 ($83.64) price objective on shares of Ashtead Group in a research report on Wednesday, September 4th. Berenberg Bank restated a "buy" rating and issued a GBX 7,000 ($90.08) target price on shares of Ashtead Group in a report on Monday, October 14th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 6,150 ($79.14) price target on shares of Ashtead Group in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 5,537.86 ($71.26).
Check Out Our Latest Stock Report on AHT
Ashtead Group Trading Down 0.4 %
The firm has a market capitalization of £27.27 billion, a PE ratio of 2,362.26, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. The stock's 50-day moving average price is GBX 5,727.41 and its 200 day moving average price is GBX 5,560.68. The company has a debt-to-equity ratio of 145.75, a current ratio of 1.17 and a quick ratio of 1.13.
Insider Activity
In related news, insider Lucinda Riches sold 1,000 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of GBX 5,880 ($75.67), for a total transaction of £58,800 ($75,665.94). 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.
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