Ashtead Group (LON:AHT) Reaches New 52-Week Low – Here’s What Happened

by · The Markets Daily

Ashtead Group plc (LON:AHT – Get Free Report)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 50.38 ($0.63) and last traded at GBX 5,012 ($62.52), with a volume of 5529324 shares. The stock had previously closed at GBX 5,032 ($62.77).

Analyst Ratings Changes

Several brokerages have recently issued reports on AHT. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,800 ($84.83) price objective on shares of Ashtead Group in a research report on Monday, December 16th. Berenberg Bank reissued a “buy” rating and issued a GBX 7,000 ($87.33) price target on shares of Ashtead Group in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Ashtead Group from GBX 6,600 ($82.34) to GBX 7,300 ($91.07) and gave the company an “overweight” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 6,550 ($81.71).

Check Out Our Latest Stock Report on Ashtead Group

Ashtead Group Trading Down 1.0 %

The company has a fifty day simple moving average of GBX 5,729.34 and a two-hundred day simple moving average of GBX 5,526.43. The company has a market capitalization of £21.76 billion, a P/E ratio of 1,879.62, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. The company has a debt-to-equity ratio of 145.75, a current ratio of 1.17 and a quick ratio of 1.13.

Ashtead Group Cuts Dividend

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

Insider Buying and Selling at Ashtead Group

In other Ashtead Group news, insider Lucinda Riches sold 1,000 shares of Ashtead Group stock in a transaction on Thursday, October 17th. The shares were sold at an average price of GBX 5,880 ($73.35), for a total transaction of £58,800 ($73,353.29). Also, insider Brendan Horgan purchased 4,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was acquired at an average cost of GBX 5,320 ($66.37) per share, for a total transaction of £212,800 ($265,469.06). Insiders own 0.64% of the company’s stock.

About Ashtead Group

(Get Free Report)

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.

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