ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) Downgraded by Morgan Stanley

Morgan Stanley cut shares of ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) from an overweight rating to an equal weight rating in a research note published on Wednesday morning, The Fly reports.

ASHTY has been the topic of several other reports. ValuEngine upgraded Alleghany from a hold rating to a buy rating in a research report on Friday, April 19th. Zacks Investment Research upgraded HAYS PLC/ADR from a sell rating to a hold rating in a research report on Tuesday, June 18th.

Shares of ASHTY opened at $114.49 on Wednesday. The company has a market cap of $13.93 billion, a price-to-earnings ratio of 12.65 and a beta of 1.84. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.39 and a quick ratio of 1.27. The company has a fifty day moving average price of $105.51. ASHTEAD GRP PLC/ADR has a 52 week low of $79.77 and a 52 week high of $129.35.

ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) last announced its quarterly earnings data on Tuesday, June 18th. The company reported $1.82 EPS for the quarter. The firm had revenue of $1.44 billion for the quarter. ASHTEAD GRP PLC/ADR had a return on equity of 28.82% and a net margin of 27.28%. On average, equities analysts forecast that ASHTEAD GRP PLC/ADR will post 10.44 earnings per share for the current fiscal year.

About ASHTEAD GRP PLC/ADR

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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