Ashtead Group (LON:AHT) Shares Pass Above 200-Day Moving Average of $5,161.59

Shares of Ashtead Group plc (LON:AHT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 5,161.59 ($64.25) and traded as high as GBX 5,676 ($70.66). Ashtead Group shares last traded at GBX 5,656 ($70.41), with a volume of 544,927 shares changing hands.

Analyst Ratings Changes

Several research firms recently weighed in on AHT. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 6,800 ($84.65) target price on shares of Ashtead Group in a research report on Friday, February 16th. Royal Bank of Canada decreased their price objective on shares of Ashtead Group from GBX 5,300 ($65.98) to GBX 5,100 ($63.49) and set a “sector perform” rating on the stock in a research report on Tuesday, March 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 4,709.38 ($58.63).

Ashtead Group Price Performance

The stock has a market cap of £24.74 billion, a PE ratio of 1,936.99, a P/E/G ratio of 1.72 and a beta of 1.33. The firm’s fifty day moving average price is GBX 5,449.40 and its 200 day moving average price is GBX 5,161.59. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 162.35.

Ashtead Group Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 8th. Investors of record on Thursday, January 11th were paid a dividend of $0.16 per share. This represents a yield of 0.25%. The ex-dividend date was Thursday, January 11th. Ashtead Group’s payout ratio 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.