Shares of Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $241.88 and last traded at $242.14, with a volume of 30102 shares traded. The stock had previously closed at $244.50.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Berenberg Bank raised shares of Ashtead Group to a "strong-buy" rating in a research note on Thursday, September 19th. Royal Bank of Canada upgraded Ashtead Group from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group cut Ashtead Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th.
Check Out Our Latest Analysis on ASHTY
Ashtead Group Stock Performance
The company's 50-day moving average price is $297.36 and its two-hundred day moving average price is $289.02. The company has a market cap of $26.47 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 1.72 and a beta of 1.64. The company has a current ratio of 1.17, a quick ratio of 1.08 and a debt-to-equity ratio of 1.08.
Ashtead Group Cuts Dividend
The firm also recently announced a dividend, which will be paid on Monday, February 24th. Investors of record on Friday, January 10th will be issued a dividend of $1.44 per share. The ex-dividend date is Friday, January 10th. Ashtead Group's payout ratio is 19.70%.
About Ashtead Group
(
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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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