Ashtead Group plc (LON:AHT – Get Free Report) has earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 4,709.38 ($58.63).
A number of research analysts recently issued reports on AHT shares. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 6,800 ($84.65) price target on shares of Ashtead Group in a report on Friday, February 16th. Royal Bank of Canada dropped their price target on Ashtead Group from GBX 5,300 ($65.98) to GBX 5,100 ($63.49) and set a “sector perform” rating on the stock in a research report on Tuesday, March 12th.
Check Out Our Latest Research Report on AHT
Ashtead Group Trading Down 0.3 %
Ashtead Group Cuts Dividend
The business also recently disclosed a dividend, which was paid on Thursday, February 8th. Stockholders of record on Thursday, January 11th were paid a $0.16 dividend. The ex-dividend date was Thursday, January 11th. This represents a dividend yield of 0.25%. Ashtead Group’s dividend payout ratio (DPR) is 2,739.73%.
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.
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