Ashtead Group (LON:AHT) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Ashtead Group plc (LON:AHT)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5,119.89 and traded as high as GBX 5,400. Ashtead Group shares last traded at GBX 5,326, with a volume of 31,132,814 shares.

Analyst Ratings Changes

Separately, Peel Hunt reaffirmed a “hold” rating and issued a GBX 5,000 target price on shares of Ashtead Group in a research report on Monday, December 15th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of GBX 5,075.

Ashtead Group Price Performance

The firm has a market capitalization of £22.10 billion, a PE ratio of 16.11, a P/E/G ratio of 1.32 and a beta of 1.22. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 142.74. The company has a fifty day moving average price of GBX 5,168.07 and a two-hundred day moving average price of GBX 5,119.89.

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. 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.