Ashtead Group plc (LON:AHT) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Ashtead Group plc (LON:AHT - Get Free Report) have earned a consensus rating of "Buy" from the five ratings firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 6,840 ($88.70).

A number of brokerages recently weighed in on AHT. Berenberg Bank reaffirmed a "buy" rating and set a GBX 7,000 ($90.78) price target on shares of Ashtead Group in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. upped their target price on Ashtead Group from GBX 6,600 ($85.59) to GBX 7,300 ($94.67) and gave the stock an "overweight" rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 6,800 ($88.19) target price on shares of Ashtead Group in a report on Monday, December 16th.

Ashtead Group Trading Down 1.2 %

LON:AHT traded down GBX 50 ($0.65) on Monday, hitting GBX 4,269 ($55.36). 6,088,488 shares of the stock were exchanged, compared to its average volume of 6,190,046. The stock has a fifty day moving average of GBX 4,981.81 and a 200-day moving average of GBX 5,423.51. The stock has a market cap of £23.31 billion, a PE ratio of 15.19, a PEG ratio of 1.32 and a beta of 1.22. The company has a current ratio of 1.31, a quick ratio of 1.13 and a debt-to-equity ratio of 146.30. Ashtead Group has a fifty-two week low of GBX 4,266 ($55.32) and a fifty-two week high of GBX 6,448 ($83.62).

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

Ashtead Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 9th were paid a $0.36 dividend. The ex-dividend date was Thursday, January 9th. This represents a dividend yield of 0.45%. Ashtead Group's dividend payout ratio (DPR) is presently 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.