Deutsche Bank Aktiengesellschaft Reiterates Hold Rating for Ashtead Group (OTCMKTS:ASHTY)

Deutsche Bank Aktiengesellschaft reiterated their hold rating on shares of Ashtead Group (OTCMKTS:ASHTY) in a report released on Monday morning, The Fly reports.

ASHTY has been the subject of several other research reports. Zacks Investment Research raised shares of Ashtead Group from a hold rating to a buy rating and set a $349.00 price target for the company in a report on Thursday, August 12th. JPMorgan Chase & Co. reissued an overweight rating on shares of Ashtead Group in a report on Friday, September 17th. Barclays reaffirmed an overweight rating on shares of Ashtead Group in a research note on Friday, September 17th. Berenberg Bank reaffirmed a hold rating on shares of Ashtead Group in a research note on Wednesday, September 15th. Finally, Morgan Stanley reaffirmed an equal weight rating on shares of Ashtead Group in a research note on Tuesday, July 20th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Ashtead Group has a consensus rating of Buy and a consensus price target of $349.00.

OTCMKTS:ASHTY opened at $326.52 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.17 and a quick ratio of 1.08. The firm has a market cap of $36.51 billion, a price-to-earnings ratio of 39.87 and a beta of 1.71. The company has a 50 day moving average price of $313.57 and a 200-day moving average price of $287.94. Ashtead Group has a 1-year low of $140.90 and a 1-year high of $343.83.

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 6th. Stockholders of record on Friday, August 20th will be given a dividend of $1.893 per share. This is a boost from Ashtead Group’s previous Semi-Annual dividend of $1.69. The ex-dividend date of this dividend is Thursday, August 19th. Ashtead Group’s payout ratio is presently 43.36%.

Ashtead Group Company Profile

Ashtead Group Plc engages in the provision of equipment rental services. The company offers a full range of construction and industrial equipment used in lift, power, generate, move, dig, compact, drill, support, scrub, pump, direct, heat, and ventilate. It operates through the following segments: Sunbelt, A-Plant, Sunbelt Canada, and Corporate Items.

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Analyst Recommendations for Ashtead Group (OTCMKTS:ASHTY)

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