Ashtead Group (LON:AHT) Shares Cross Above 200 Day Moving Average - What's Next?

Shares of Ashtead Group plc (LON:AHT - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 5,530.79 ($72.00) and traded as high as GBX 5,854 ($76.20). Ashtead Group shares last traded at GBX 5,820 ($75.76), with a volume of 297,598 shares.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 6,500 ($84.61) price target on shares of Ashtead Group in a research note on Wednesday, September 4th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 6,150 ($80.06) price target on shares of Ashtead Group in a research note on Tuesday, September 3rd. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 7,000 ($91.12) price target on shares of Ashtead Group in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 5,537.86 ($72.09).

Ashtead Group Price Performance

The firm's 50-day moving average is GBX 5,602.97 and its 200-day moving average is GBX 5,532.81. The company has a debt-to-equity ratio of 145.75, a current ratio of 1.17 and a quick ratio of 1.13. The company has a market capitalization of £26.07 billion, a P/E ratio of 2,209.06, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22.

Insider Buying and Selling at Ashtead Group

In other Ashtead Group news, insider Lucinda Riches sold 1,000 shares of Ashtead Group stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of GBX 5,880 ($76.54), for a total transaction of £58,800 ($76,542.57). Insiders own 0.64% of the company's stock.

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.