Analysts Set Ashtead Group plc (LON:AHT) Price Target at GBX 5,783.57

Shares of Ashtead Group plc (LON:AHT – Get Rating) have earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 5,783.57 ($70.49).

Several analysts have commented on AHT shares. Peel Hunt restated a “buy” rating and issued a GBX 5,200 ($63.38) price target on shares of Ashtead Group in a report on Tuesday, March 7th. Numis Securities reiterated a “buy” rating and set a GBX 7,000 ($85.31) target price on shares of Ashtead Group in a report on Thursday, February 9th. JPMorgan Chase & Co. boosted their target price on Ashtead Group from GBX 5,500 ($67.03) to GBX 6,000 ($73.13) and gave the stock an “overweight” rating in a report on Monday, February 13th. Jefferies Financial Group boosted their target price on Ashtead Group from GBX 6,000 ($73.13) to GBX 7,000 ($85.31) and gave the stock a “buy” rating in a report on Wednesday, March 8th. Finally, Barclays boosted their target price on Ashtead Group from GBX 5,650 ($68.86) to GBX 6,000 ($73.13) and gave the stock an “overweight” rating in a report on Wednesday, December 7th.

Ashtead Group Stock Down 1.5 %

AHT opened at GBX 4,866 ($59.31) on Thursday. The company has a debt-to-equity ratio of 154.56, a current ratio of 1.22 and a quick ratio of 1.13. The stock has a market capitalization of £21.35 billion, a price-to-earnings ratio of 1,763.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. The business has a 50-day moving average of GBX 5,391 and a two-hundred day moving average of GBX 4,864.37. Ashtead Group has a 12 month low of GBX 3,269 ($39.84) and a 12 month high of GBX 6,012 ($73.27).

Ashtead Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 9th. Investors of record on Thursday, January 12th were given a dividend of $0.15 per share. This represents a yield of 0.24%. The ex-dividend date was Thursday, January 12th. Ashtead Group’s dividend payout ratio (DPR) is presently 2,500.00%.

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.