Ashtead Group’s (AHT) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Ashtead Group (LON:AHT) in a research note released on Tuesday morning, Marketbeat reports. Jefferies Financial Group currently has a GBX 6,150 ($80.87) price objective on the stock.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft decreased their price target on Ashtead Group from GBX 6,800 ($89.41) to GBX 6,500 ($85.47) and set a buy rating for the company in a report on Monday, June 24th. Barclays reaffirmed an overweight rating and set a GBX 6,600 ($86.79) price target on shares of Ashtead Group in a report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of GBX 4,933.13 ($64.87).

Ashtead Group Trading Down 1.4 %

AHT opened at GBX 5,190 ($68.24) on Tuesday. The business has a fifty day simple moving average of GBX 5,256.68 and a 200-day simple moving average of GBX 5,472.83. Ashtead Group has a 52 week low of GBX 4,437 ($58.34) and a 52 week high of GBX 6,180 ($81.26). The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 150.69. The firm has a market cap of £22.65 billion, a P/E ratio of 1,880.43, a P/E/G ratio of 1.21 and a beta of 1.22.

Ashtead Group Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 8th will be issued a $0.89 dividend. This is an increase from Ashtead Group’s previous dividend of $0.16. This represents a yield of 1.28%. The ex-dividend date of this dividend is Thursday, August 8th. Ashtead Group’s dividend payout ratio is currently 2,898.55%.

Insider Activity at Ashtead Group

In related news, insider Brendan Horgan sold 37,063 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of GBX 5,112 ($67.22), for a total value of £1,894,660.56 ($2,491,335.38). In other Ashtead Group news, insider Brendan Horgan sold 37,063 shares of Ashtead Group stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of GBX 5,112 ($67.22), for a total transaction of £1,894,660.56 ($2,491,335.38). Also, insider Renata Ribeiro bought 160 shares of Ashtead Group stock in a transaction dated Monday, July 1st. The shares were acquired at an average price of GBX 5,273 ($69.34) per share, with a total value of £8,436.80 ($11,093.75). 0.66% of the stock is owned by insiders.

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.