Ashtead Group (LON:AHT) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Ashtead Group plc (LON:AHT) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 5,113.98 and traded as low as GBX 5,094. Ashtead Group shares last traded at GBX 5,098, with a volume of 1,063,650 shares changing hands.

Wall Street Analyst Weigh In

AHT has been the subject of a number of recent research reports. Peel Hunt reiterated a “hold” rating and issued a GBX 5,000 target price on shares of Ashtead Group in a research note on Monday, December 15th. Royal Bank Of Canada restated an “underperform” rating and issued a GBX 4,600 price target on shares of Ashtead Group in a report on Friday, November 7th. Finally, JPMorgan Chase & Co. reiterated a “no recommendation” rating on shares of Ashtead Group in a research note on Thursday, November 6th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of GBX 5,075.

Ashtead Group Stock Down 0.2%

The company has a current ratio of 1.31, a quick ratio of 1.13 and a debt-to-equity ratio of 146.30. The stock has a market capitalization of £21.20 billion, a P/E ratio of 15.39, a P/E/G ratio of 1.32 and a beta of 1.22. The stock’s 50 day simple moving average is GBX 5,060.54 and its 200 day simple moving average is GBX 5,113.98.

Ashtead Group Company Profile

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. The company offers its products and services for facilities maintenance and municipalities, such as office complexes, apartment complexes, government, hospitals, data centers, parks and recreation departments, schools and universities, shopping centers, pavement/kerb repairs, and golf course maintenance; construction of airports, highways and bridges, office buildings, data centers, schools and universities, shopping centers, residential, remodeling, manufacturing plants, and green energy plants; emergency response for fire, hurricanes, flooding, tornadoes, winter, storms, residential and health emergencies, alternative care facilities, points of distribution, and mobile testing facilities; and entertainment and special events, including national events, concerts, sporting events, film and telvision production, theme parks, festivals farmers' markets, local 5k runs, and cycle races.