Ashtead Group (LON:AHT) Price Target Lowered to GBX 6,500 at Deutsche Bank Aktiengesellschaft

Ashtead Group (LON:AHT) had its price objective decreased by Deutsche Bank Aktiengesellschaft from GBX 6,800 ($86.26) to GBX 6,500 ($82.46) in a report released on Monday, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. Royal Bank of Canada decreased their price objective on Ashtead Group from GBX 5,300 ($67.23) to GBX 5,100 ($64.70) and set a sector perform rating for the company in a report on Tuesday, March 12th. Barclays reiterated an overweight rating and issued a GBX 6,600 ($83.72) price objective on shares of Ashtead Group in a report on Wednesday, May 15th. Finally, Jefferies Financial Group restated a buy rating and set a GBX 6,150 ($78.02) target price on shares of Ashtead Group in a report on Wednesday, June 12th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Ashtead Group presently has a consensus rating of Moderate Buy and an average target price of GBX 4,933.13 ($62.58).

Ashtead Group Price Performance

Shares of LON AHT opened at GBX 5,494 ($69.69) on Monday. The company has a fifty day moving average price of GBX 5,691.36 and a 200 day moving average price of GBX 5,449.02. Ashtead Group has a 1-year low of GBX 4,437 ($56.29) and a 1-year high of GBX 6,180 ($78.40). The firm has a market cap of £23.98 billion, a PE ratio of 1,887.97, a PEG ratio of 1.26 and a beta of 1.29. The company has a current ratio of 1.36, a quick ratio of 1.13 and a debt-to-equity ratio of 162.35.

Ashtead Group Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 8th will be issued a $0.89 dividend. This is a boost 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 2,749.14%.

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.