HSBC reissued their hold rating on shares of Ashtead Group (LON:AHT) in a research note released on Monday morning, ThisIsMoney.Co.Uk reports.
A number of other research firms have also recently commented on AHT. Royal Bank of Canada cut their price target on shares of Ashtead Group from GBX 2,800 ($36.83) to GBX 2,600 ($34.20) and set an outperform rating on the stock in a report on Friday, January 10th. UBS Group raised their target price on shares of Ashtead Group from GBX 2,250 ($29.60) to GBX 2,400 ($31.57) and gave the stock a neutral rating in a report on Wednesday, January 8th. Deutsche Bank raised their target price on shares of Ashtead Group from GBX 2,030 ($26.70) to GBX 2,230 ($29.33) and gave the stock a hold rating in a report on Wednesday, December 11th. Berenberg Bank raised their target price on shares of Ashtead Group from GBX 1,700 ($22.36) to GBX 2,150 ($28.28) and gave the stock a hold rating in a report on Friday, October 4th. Finally, Peel Hunt restated a buy rating on shares of Ashtead Group in a report on Monday, December 9th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of GBX 2,532.33 ($33.31).
LON:AHT opened at GBX 2,427 ($31.93) on Monday. The company’s 50 day moving average price is GBX 2,391.92 and its 200-day moving average price is GBX 2,284.19. Ashtead Group has a 52 week low of GBX 1,716 ($22.57) and a 52 week high of GBX 2,468 ($32.47). The company has a quick ratio of 1.12, a current ratio of 1.22 and a debt-to-equity ratio of 181.56. The stock has a market cap of $11.04 billion and a price-to-earnings ratio of 13.75.
The business also recently announced a dividend, which will be paid on Wednesday, February 5th. Investors of record on Thursday, January 16th will be issued a GBX 7.15 ($0.09) dividend. This represents a yield of 0.32%. The ex-dividend date is Thursday, January 16th. Ashtead Group’s dividend payout ratio is currently 0.23%.
About Ashtead Group
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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