Ashtead Group (NASDAQ:ASHTY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Ashtead Group Plc is an equipment company which provides rental solutions primarily in United States and United Kingdom. The company’s operating segments consists of Sunbelt Rentals and A-Plant. Sunbelt Rentals provides pump and power, climate control and scaffolding services. A-Plant business operates through Eve Trakway Limited, which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services and FLG services. Ashtead Group Plc is headquartered in London, the United Kingdom. “

Ashtead Group (ASHTY) traded down 0.10% during mid-day trading on Friday, hitting $95.61. The company had a trading volume of 5,283 shares. The company’s 50 day moving average price is $86.05 and its 200-day moving average price is $84.28. The firm has a market capitalization of $10.60 billion and a PE ratio of 18.49. Ashtead Group has a 12-month low of $60.39 and a 12-month high of $96.00.

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