Jefferies Financial Group reaffirmed their buy rating on shares of Ashtead Group (LON:AHT – Free Report) in a report published on Tuesday morning, MarketBeat Ratings reports. They currently have a GBX 6,150 ($80.87) price objective on the stock.
Several other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft cut their price target on Ashtead Group from GBX 6,800 ($89.41) to GBX 6,500 ($85.47) and set a buy rating on the stock in a research note on Monday, June 24th. Barclays reiterated an overweight rating and issued a GBX 6,600 ($86.79) price target on shares of Ashtead Group in a research note on Wednesday, May 15th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of GBX 4,933.13 ($64.87).
Check Out Our Latest Stock Report on AHT
Ashtead Group Trading Up 0.8 %
Ashtead Group Increases Dividend
The business also recently announced a dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 8th will be issued a dividend of $0.89 per share. The ex-dividend date is Thursday, August 8th. This is a positive change from Ashtead Group’s previous dividend of $0.16. This represents a dividend yield of 1.28%. Ashtead Group’s dividend payout ratio is 2,898.55%.
Insider Activity
In related news, insider Lucinda Riches sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of GBX 5,480 ($72.06), for a total value of £219,200 ($288,231.43). In related news, insider Lucinda Riches sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of GBX 5,480 ($72.06), for a total value of £219,200 ($288,231.43). Also, insider Renata Ribeiro acquired 160 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was acquired at an average cost of GBX 5,273 ($69.34) per share, with a total value of £8,436.80 ($11,093.75). Corporate insiders own 0.66% of the company’s stock.
About Ashtead Group
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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