Ashtead Group’s (AHT) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Ashtead Group (LON:AHT) in a report released on Tuesday morning, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a GBX 6,800 ($85.43) price objective on the stock.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 6,800 ($85.43) price objective on shares of Ashtead Group in a report on Friday, February 16th. Jefferies Financial Group restated a buy rating and set a GBX 6,150 ($77.26) target price on shares of Ashtead Group in a report on Wednesday, May 1st. Finally, Royal Bank of Canada reduced their target price on shares of Ashtead Group from GBX 5,300 ($66.58) to GBX 5,100 ($64.07) and set a sector perform rating for the company in a report on Tuesday, March 12th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of GBX 4,895.63 ($61.50).

Ashtead Group Trading Up 0.7 %

Ashtead Group stock opened at GBX 5,810 ($72.99) on Tuesday. The firm has a 50 day simple moving average of GBX 5,566.36 and a 200-day simple moving average of GBX 5,251.10. The company has a debt-to-equity ratio of 162.35, a current ratio of 1.36 and a quick ratio of 1.13. The stock has a market capitalization of £25.35 billion, a PE ratio of 1,963.27, a price-to-earnings-growth ratio of 1.25 and a beta of 1.31. Ashtead Group has a 12-month low of GBX 4,437 ($55.74) and a 12-month high of GBX 6,144 ($77.19).

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 given a $0.16 dividend. The ex-dividend date was Thursday, January 11th. This represents a dividend yield of 0.25%. Ashtead Group’s dividend payout ratio (DPR) is presently 2,721.09%.

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.