Ashtead Group (LON:AHT) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Ashtead Group (LON:AHT) in a research report report published on Wednesday, Marketbeat reports. They currently have a GBX 6,500 ($85.47) price target on the stock.

Several other equities analysts have also recently commented on AHT. Barclays reissued an overweight rating and issued a GBX 6,600 ($86.79) price target on shares of Ashtead Group in a research report on Wednesday, May 15th. Jefferies Financial Group reiterated a buy rating and issued a GBX 6,150 ($80.87) target price on shares of Ashtead Group in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Ashtead Group has a consensus rating of Moderate Buy and an average target price of GBX 4,933.13 ($64.87).

Ashtead Group Trading Down 3.4 %

LON AHT opened at GBX 5,226 ($68.72) on Wednesday. The company has a debt-to-equity ratio of 150.69, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of £22.80 billion, a price-to-earnings ratio of 1,893.48, a PEG ratio of 1.21 and a beta of 1.22. The firm has a 50 day simple moving average of GBX 5,258.28 and a 200-day simple moving average of GBX 5,475.58. Ashtead Group has a one year low of GBX 4,437 ($58.34) and a one year high of GBX 6,180 ($81.26).

Ashtead Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 8th will be issued a $0.89 dividend. This represents a yield of 1.28%. This is an increase from Ashtead Group’s previous dividend of $0.16. The ex-dividend date of this dividend is Thursday, August 8th. Ashtead Group’s dividend payout ratio is 2,898.55%.

Insiders Place Their Bets

In other news, insider Brendan Horgan sold 37,063 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of GBX 5,112 ($67.22), for a total transaction of £1,894,660.56 ($2,491,335.38). In other news, insider Brendan Horgan sold 37,063 shares of Ashtead Group stock in a transaction dated Friday, July 5th. The stock was sold at an average price of GBX 5,112 ($67.22), for a total transaction of £1,894,660.56 ($2,491,335.38). Also, insider Lucinda Riches sold 4,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of GBX 5,480 ($72.06), for a total value of £219,200 ($288,231.43). 0.66% of the stock is owned by corporate insiders.

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.