Ashtead Group plc (LON:AHT) Receives GBX 6,550 Consensus Price Target from Analysts

Shares of Ashtead Group plc (LON:AHT - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 6,550 ($79.66).

A number of research firms have recently weighed in on AHT. JPMorgan Chase & Co. lifted their target price on Ashtead Group from GBX 6,600 ($80.27) to GBX 7,300 ($88.79) and gave the stock an "overweight" rating in a report on Friday, December 6th. Berenberg Bank reissued a "buy" rating and set a GBX 7,000 ($85.14) price target on shares of Ashtead Group in a report on Monday, October 14th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 6,800 ($82.70) price objective on shares of Ashtead Group in a research note on Monday, December 16th.

Ashtead Group Stock Performance

Shares of AHT stock traded up GBX 140 ($1.70) on Friday, reaching GBX 5,324 ($64.75). The stock had a trading volume of 904,609 shares, compared to its average volume of 1,628,007. Ashtead Group has a 12 month low of GBX 4,759 ($57.88) and a 12 month high of GBX 6,448 ($78.42). The firm has a market capitalization of £23.25 billion, a price-to-earnings ratio of 2,009.06, a P/E/G ratio of 1.32 and a beta of 1.22. The firm's 50-day moving average is GBX 5,592.39 and its two-hundred day moving average is GBX 5,502.35. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 145.75.

Ashtead Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a $0.36 dividend. This represents a yield of 0.45%. The ex-dividend date of this dividend is Thursday, January 9th. Ashtead Group's dividend payout ratio (DPR) is currently 3,018.87%.

Insider Activity at Ashtead Group

In other Ashtead Group news, insider Brendan Horgan purchased 4,000 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of GBX 5,320 ($64.70) per share, with a total value of £212,800 ($258,817.81). 0.64% of the stock is currently owned by corporate insiders.

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.