The Goldman Sachs Group Downgrades Ashtead Group (OTCMKTS:ASHTY) to Hold

Ashtead Group (OTCMKTS:ASHTY) was downgraded by equities researchers at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research firms have also commented on ASHTY. Berenberg Bank upgraded Ashtead Group to a “strong-buy” rating in a research report on Thursday, September 19th. Royal Bank of Canada upgraded Ashtead Group from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd.

Ashtead Group Stock Performance

Shares of Ashtead Group stock opened at $267.41 on Tuesday. The stock has a market cap of $29.23 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 1.94 and a beta of 1.64. Ashtead Group has a twelve month low of $241.94 and a twelve month high of $337.95. The company’s fifty day moving average is $312.81 and its 200 day moving average is $292.87. The company has a quick ratio of 1.08, a current ratio of 1.17 and a debt-to-equity ratio of 1.08.

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.