Ashtead Group’s (AHT) “Buy” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Ashtead Group (LON:AHT) in a research note published on Wednesday morning, MarketBeat reports. Jefferies Financial Group currently has a GBX 6,150 ($77.25) price objective on the stock.

A number of other research firms have also recently commented on AHT. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 6,800 ($85.42) target price on shares of Ashtead Group in a research note on Friday, February 16th. Royal Bank of Canada lowered their target price on Ashtead Group from GBX 5,300 ($66.57) to GBX 5,100 ($64.06) and set a sector perform rating on the stock in a research note on Tuesday, March 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of GBX 4,603.13 ($57.82).

Ashtead Group Price Performance

Shares of LON:AHT opened at GBX 5,696 ($71.55) on Wednesday. The stock has a market cap of £24.91 billion, a PE ratio of 1,943.15, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. Ashtead Group has a 1-year low of GBX 4,437 ($55.73) and a 1-year high of GBX 6,144 ($77.18). The company has a current ratio of 1.36, a quick ratio of 1.13 and a debt-to-equity ratio of 162.35. The stock’s fifty day simple moving average is GBX 5,544.44 and its two-hundred day simple moving average is GBX 5,220.90.

Ashtead Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 8th. Investors of record on Thursday, January 11th were issued a $0.16 dividend. This represents a yield of 0.25%. The ex-dividend date was Thursday, January 11th. Ashtead Group’s dividend payout ratio (DPR) is currently 2,739.73%.

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.