Ashtead Group (LON:AHT) Sets New 12-Month Low – What’s Next?

Ashtead Group plc (LON:AHT) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 4,116 ($53.21) and last traded at GBX 4,142.23 ($53.55), with a volume of 1095968 shares traded. The stock had previously closed at GBX 4,246 ($54.89).

Analysts Set New Price Targets

AHT has been the subject of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,800 ($87.91) price target on shares of Ashtead Group in a report on Monday, December 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 7,000 ($90.50) target price on shares of Ashtead Group in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. increased their target price on Ashtead Group from GBX 6,600 ($85.33) to GBX 7,300 ($94.38) and gave the stock an “overweight” rating in a research report on Friday, December 6th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 6,840 ($88.43).

Ashtead Group Trading Up 0.3 %

The firm has a fifty day moving average of GBX 4,770.29 and a 200-day moving average of GBX 5,331.75. The company has a debt-to-equity ratio of 146.30, a quick ratio of 1.13 and a current ratio of 1.31. The stock has a market capitalization of £22.77 billion, a price-to-earnings ratio of 14.84, a P/E/G ratio of 1.32 and a beta of 1.22.

Ashtead Group (LON:AHT) last issued its quarterly earnings data on Tuesday, March 4th. The company reported GBX 77.20 ($1.00) EPS for the quarter. Ashtead Group had a net margin of 14.08% and a return on equity of 21.43%. As a group, equities analysts predict that Ashtead Group plc will post 363.5658915 earnings per share for the current fiscal year.

Ashtead Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 9th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, January 9th. This represents a yield of 0.45%. Ashtead Group’s dividend payout ratio (DPR) is 28.47%.

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.