Ashtead Group plc (LON:AHT - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5,530.50 ($71.81) and traded as high as GBX 5,956 ($77.33). Ashtead Group shares last traded at GBX 5,858 ($76.06), with a volume of 485,721 shares trading hands.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 6,500 ($84.39) price objective on shares of Ashtead Group in a report on Wednesday, September 4th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 6,150 ($79.85) price target on shares of Ashtead Group in a report on Tuesday, September 3rd. Finally, Berenberg Bank restated a "buy" rating and set a GBX 7,000 ($90.89) price objective on shares of Ashtead Group in a research note on Monday, October 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 5,537.86 ($71.90).
Check Out Our Latest Analysis on AHT
Ashtead Group Stock Performance
The business has a 50-day moving average price of GBX 5,530.01 and a 200-day moving average price of GBX 5,529.02. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 145.75. The firm has a market capitalization of £25.59 billion, a price-to-earnings ratio of 2,210.57, a P/E/G ratio of 1.32 and a beta of 1.22.
Insider Activity at Ashtead Group
In other Ashtead Group news, insider Lucinda Riches sold 1,000 shares of the firm's stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of GBX 5,880 ($76.34), for a total value of £58,800 ($76,343.81). 0.64% of the stock is currently owned by corporate insiders.
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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