Shares of Ashtead Group plc (LON:AHT – Get Free Report) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 4,709.38 ($58.17).
AHT has been the subject of a number of research reports. Royal Bank of Canada decreased their price target on shares of Ashtead Group from GBX 5,300 ($65.46) to GBX 5,100 ($62.99) and set a “sector perform” rating for the company in a research note on Tuesday, March 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 6,800 ($83.99) target price on shares of Ashtead Group in a research note on Friday, February 16th.
Ashtead Group Price Performance
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 dividend of $0.16 per share. This represents a dividend yield of 0.25%. The ex-dividend date was Thursday, January 11th. Ashtead Group’s dividend payout ratio (DPR) is currently 2,739.73%.
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.
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