Brokerages Set Ashtead Group plc (LON:AHT) Target Price at GBX 4,709.38

Shares of Ashtead Group plc (LON:AHT) 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

AHT stock opened at GBX 5,942 ($73.39) on Friday. Ashtead Group has a 1 year low of GBX 4,437 ($54.80) and a 1 year high of GBX 5,952 ($73.52). The company has a market cap of £25.99 billion, a P/E ratio of 2,027.40, a PEG ratio of 1.72 and a beta of 1.33. The firm has a 50-day moving average of GBX 5,498.36 and a 200 day moving average of GBX 5,192.61. The company has a debt-to-equity ratio of 162.35, a current ratio of 1.36 and a quick ratio of 1.13.

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.