Ashtead Group plc (LON:AHT) Receives GBX 6,550 Average PT from Analysts

Shares of Ashtead Group plc (LON:AHT) have been assigned a consensus recommendation of “Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 6,840 ($88.42).

Several brokerages have recently weighed in on AHT. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,800 ($87.90) price objective on shares of Ashtead Group in a report on Monday, December 16th. JPMorgan Chase & Co. lifted their price objective on Ashtead Group from GBX 6,600 ($85.32) to GBX 7,300 ($94.36) and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 7,000 ($90.49) price objective on shares of Ashtead Group in a report on Wednesday, January 22nd.

Ashtead Group Stock Performance

Shares of LON AHT opened at GBX 4,372 ($56.51) on Monday. The company has a quick ratio of 1.13, a current ratio of 1.31 and a debt-to-equity ratio of 146.30. The business’s 50 day moving average is GBX 4,955.79 and its two-hundred day moving average is GBX 5,410.29. The company has a market cap of £23.87 billion, a P/E ratio of 15.56, a P/E/G ratio of 1.32 and a beta of 1.22. Ashtead Group has a 12 month low of GBX 4,244 ($54.86) and a 12 month high of GBX 6,448 ($83.35).

Ashtead Group (LON:AHT) last announced its quarterly earnings data on Tuesday, March 4th. The company reported GBX 77.20 ($1.00) earnings per share for the quarter. Ashtead Group had a return on equity of 21.43% and a net margin of 14.08%. On average, equities analysts expect that Ashtead Group will post 363.5658915 EPS for the current year.

Ashtead Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 9th were paid a $0.36 dividend. This represents a yield of 0.45%. The ex-dividend date of this dividend was Thursday, January 9th. Ashtead Group’s dividend payout ratio is 28.47%.

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.