Ashtead Group plc (LON:AHT – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 5,844 ($73.97) and last traded at GBX 5,840 ($73.91), with a volume of 170997 shares. The stock had previously closed at GBX 5,736 ($72.60).
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on AHT shares. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 6,800 ($86.07) price target on shares of Ashtead Group in a research report on Friday, February 16th. Royal Bank of Canada lowered their price target on shares of Ashtead Group from GBX 5,300 ($67.08) to GBX 5,100 ($64.55) and set a “sector perform” rating on the stock in a research report on Tuesday, March 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 4,709.38 ($59.60).
Read Our Latest Report on Ashtead Group
Ashtead Group Price Performance
Ashtead Group Cuts Dividend
The firm also recently declared a dividend, which was paid on Thursday, February 8th. Shareholders of record on Thursday, January 11th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a yield of 0.25%. Ashtead Group’s dividend payout ratio (DPR) is presently 2,739.73%.
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.
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