Ashtead Group plc (LON:AHT) Given Average Rating of “Buy” by Brokerages

Shares of Ashtead Group plc (LON:AHT) have been given an average rating of “Buy” by the twelve research firms that are currently covering the company, reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,380 ($31.10).

AHT has been the topic of a number of research analyst reports. Liberum Capital boosted their target price on Sylvania Platinum from GBX 35 ($0.46) to GBX 68 ($0.89) and gave the company a “buy” rating in a research report on Thursday, April 18th. Numis Securities reissued a “buy” rating and issued a GBX 2,800 ($36.59) target price on shares of in a research report on Thursday, June 13th. Peel Hunt reissued a “buy” rating on shares of GB Group in a research report on Monday, June 17th. Royal Bank of Canada boosted their target price on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an “outperform” rating in a research report on Monday, June 24th. Finally, Morgan Stanley boosted their target price on Williams-Sonoma from $52.00 to $56.00 and gave the company an “underweight” rating in a research report on Wednesday.

LON AHT traded up GBX 17 ($0.22) on Friday, reaching GBX 2,258 ($29.50). The stock had a trading volume of 808,795 shares, compared to its average volume of 2,210,000. The company has a market capitalization of $10.51 billion and a price-to-earnings ratio of 13.65. The company has a quick ratio of 1.27, a current ratio of 1.39 and a debt-to-equity ratio of 134.18. Ashtead Group has a 12-month low of GBX 1,572.50 ($20.55) and a 12-month high of GBX 2,461 ($32.16). The company’s fifty day moving average price is GBX 2,079.71.

The company also recently announced a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 15th will be given a GBX 33.50 ($0.44) dividend. This is a positive change from Ashtead Group’s previous dividend of $6.50. The ex-dividend date is Thursday, August 15th. This represents a yield of 1.61%. Ashtead Group’s payout ratio is presently 0.24%.

In related news, insider Paul Walker acquired 14,000 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were acquired at an average price of GBX 2,163 ($28.26) per share, with a total value of £302,820 ($395,687.97). Also, insider Brendan Horgan sold 46,792 shares of the company’s stock in a transaction on Thursday, July 4th. The stock was sold at an average price of GBX 2,320 ($30.31), for a total value of £1,085,574.40 ($1,418,495.23).

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

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Analyst Recommendations for Ashtead Group (LON:AHT)

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