Ashtead Group (LON:AHT) Rating Reiterated by Barclays

Barclays reiterated their overweight rating on shares of Ashtead Group (LON:AHT) in a report published on Wednesday, June 19th, Digital Look reports. Barclays currently has a GBX 2,230 ($29.14) price target on the stock.

Several other equities analysts also recently commented on the company. Jefferies Financial Group reiterated a hold rating on shares of COMPASS GRP PLC/S in a report on Tuesday, April 9th. Numis Securities restated a buy rating and issued a GBX 2,800 ($36.59) price objective on shares of in a research note on Thursday, June 13th. Peel Hunt restated a buy rating on shares of GB Group in a research note on Monday, June 17th. Liberum Capital raised their price objective on shares of Sylvania Platinum from GBX 35 ($0.46) to GBX 68 ($0.89) and gave the stock a buy rating in a research note on Thursday, April 18th. Finally, Deutsche Bank lowered their price objective on shares of from GBX 295 ($3.85) to GBX 285 ($3.72) and set a buy rating on the stock in a research note on Wednesday, June 19th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of GBX 2,388.18 ($31.21).

AHT stock traded up GBX 17 ($0.22) during midday trading on Wednesday, hitting GBX 2,258 ($29.50). 1,319,747 shares of the company traded hands, compared to its average volume of 2,210,000. Ashtead Group has a twelve month low of GBX 1,572.50 ($20.55) and a twelve month high of GBX 2,461 ($32.16). The company has a quick ratio of 1.27, a current ratio of 1.39 and a debt-to-equity ratio of 134.18. The firm’s 50 day simple moving average is GBX 2,085.60. The company has a market cap of $10.51 billion and a PE ratio of 13.65.

The business also recently disclosed a dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 15th will be paid a GBX 33.50 ($0.44) dividend. This is an increase from Ashtead Group’s previous dividend of $6.50. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 1.61%. Ashtead Group’s dividend payout ratio (DPR) is presently 0.24%.

In related news, insider Brendan Horgan sold 46,792 shares of the firm’s stock in a transaction on Thursday, July 4th. The stock was sold at an average price of GBX 2,320 ($30.31), for a total value of £1,085,574.40 ($1,418,495.23). Also, insider Lindsley Ruth bought 2,250 shares of Ashtead Group stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average cost of GBX 2,202 ($28.77) per share, with a total value of £49,545 ($64,739.32).

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

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Analyst Recommendations for Ashtead Group (LON:AHT)

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