Ashtead Group’s (AHT) “Buy” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Ashtead Group (LON:AHT) in a research report sent to investors on Monday, Marketbeat.com reports. They currently have a GBX 6,800 ($86.27) price target on the stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Ashtead Group from GBX 6,600 ($83.74) to GBX 7,300 ($92.62) and gave the company an “overweight” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 6,500 ($82.47) price objective on shares of Ashtead Group in a research note on Wednesday, September 4th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 7,000 ($88.81) price objective on shares of Ashtead Group in a research note on Monday, October 14th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Ashtead Group has an average rating of “Moderate Buy” and an average price target of GBX 6,550 ($83.10).

Ashtead Group Stock Performance

LON:AHT opened at GBX 5,134 ($65.14) on Monday. The firm has a 50 day simple moving average of GBX 5,985.87 and a 200-day simple moving average of GBX 5,599.50. The company has a debt-to-equity ratio of 145.75, a current ratio of 1.17 and a quick ratio of 1.13. The firm has a market cap of £22.42 billion, a PE ratio of 1,937.36, a P/E/G ratio of 1.32 and a beta of 1.22. Ashtead Group has a 1-year low of GBX 4,711 ($59.77) and a 1-year high of GBX 6,448 ($81.81).

Ashtead Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a yield of 0.45%. Ashtead Group’s dividend payout ratio is presently 3,018.87%.

Insiders Place Their Bets

In other news, insider Brendan Horgan acquired 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of GBX 5,320 ($67.50) per share, with a total value of £212,800 ($269,982.24). Also, insider Lucinda Riches sold 1,000 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of GBX 5,880 ($74.60), for a total transaction of £58,800 ($74,600.36). 0.64% of the stock is owned by corporate insiders.

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.