Ashtead Group (OTCMKTS:ASHTY) Rating Lowered to "Hold" at The Goldman Sachs Group

The Goldman Sachs Group cut shares of Ashtead Group (OTCMKTS:ASHTY - Free Report) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also commented on the stock. Royal Bank of Canada upgraded shares of Ashtead Group from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, December 3rd. Berenberg Bank upgraded Ashtead Group to a "strong-buy" rating in a research report on Thursday, September 19th.

Ashtead Group Stock Performance

Shares of OTCMKTS ASHTY traded down $2.10 during midday trading on Tuesday, reaching $265.31. 19,602 shares of the company traded hands, compared to its average volume of 14,316. The company has a market cap of $29.00 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.72 and a beta of 1.64. The stock has a 50-day moving average price of $312.81 and a 200 day moving average price of $292.87. Ashtead Group has a 52 week low of $241.94 and a 52 week high of $337.95. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 1.08.

About Ashtead Group

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.