Ashtead Group plc Announces Dividend of GBX 5.50 (AHT)
Ashtead Group plc (LON:AHT) announced a dividend on Tuesday, December 12th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, January 18th will be paid a dividend of GBX 5.50 ($0.07) per share on Wednesday, February 7th. This represents a dividend yield of 0.29%. The ex-dividend date of this dividend is Thursday, January 18th. The official announcement can be viewed at this link.
Shares of Ashtead Group (LON:AHT) opened at GBX 2,105 ($28.55) on Friday. Ashtead Group has a one year low of GBX 1,476 ($20.02) and a one year high of GBX 2,118 ($28.72). The firm has a market cap of $10,500.00 and a price-to-earnings ratio of 1,913.64.
Ashtead Group (LON:AHT) last issued its quarterly earnings data on Tuesday, December 12th. The company reported GBX 70.20 ($0.95) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 69.10 ($0.94) by GBX 1.10 ($0.01). Ashtead Group had a net margin of 16.77% and a return on equity of 32.51%. The business had revenue of GBX 189.91 billion during the quarter.
A number of analysts have recently weighed in on the stock. Investec restated a “buy” rating and issued a GBX 2,700 ($36.62) price objective on shares of Ashtead Group in a research note on Thursday. Liberum Capital reiterated a “buy” rating and set a GBX 2,030 ($27.53) target price on shares of Ashtead Group in a research note on Wednesday, December 13th. Deutsche Bank reiterated a “hold” rating and set a GBX 1,800 ($24.41) target price on shares of Ashtead Group in a research note on Wednesday, December 13th. Citigroup cut shares of Ashtead Group to a “neutral” rating in a research note on Wednesday, December 13th. Finally, Barclays upped their target price on shares of Ashtead Group from GBX 1,867 ($25.32) to GBX 2,263 ($30.69) and gave the company an “overweight” rating in a research note on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of GBX 2,078.20 ($28.18).
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About Ashtead Group
Ashtead Group plc is an equipment rental company. The Company rents a range of construction and industrial equipment across a range of applications to a diverse customer base. The Company’s segments include Sunbelt and A-Plant. The Company operates in the United States, the United Kingdom and Canada.
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