Ashtead Group (ASHTY) Rating Lowered to Hold at Zacks Investment Research

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

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. “

Separately, ValuEngine upgraded shares of Ashtead Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

Shares of Ashtead Group (OTCMKTS:ASHTY) traded up $3.54 during mid-day trading on Tuesday, reaching $117.04. 5,166 shares of the company’s stock were exchanged, compared to its average volume of 4,862. Ashtead Group has a twelve month low of $79.63 and a twelve month high of $122.72. The stock has a market capitalization of $14,534.06, a PE ratio of 21.55, a P/E/G ratio of 1.19 and a beta of 1.52. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.23.

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Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

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