Ashtead Group (LON:AHT) Hits New 12-Month Low – What’s Next?

Ashtead Group plc (LON:AHT) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 4,379 ($56.69) and last traded at GBX 4,383.10 ($56.75), with a volume of 7641192 shares changing hands. The stock had previously closed at GBX 4,516 ($58.47).

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,800 ($88.04) price target on shares of Ashtead Group in a research note on Monday, December 16th. JPMorgan Chase & Co. boosted their price target on Ashtead Group from GBX 6,600 ($85.45) to GBX 7,300 ($94.51) and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 7,000 ($90.63) price target on shares of Ashtead Group in a research note on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 6,550 ($84.80).

Ashtead Group Trading Down 1.1 %

The business has a fifty day simple moving average of GBX 4,994.73 and a 200-day simple moving average of GBX 5,429.82. The company has a debt-to-equity ratio of 146.30, a quick ratio of 1.13 and a current ratio of 1.31. The firm has a market cap of £23.52 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.32 and a beta of 1.22.

Ashtead Group (LON:AHT) last issued its earnings results on Tuesday, March 4th. The company reported GBX 77.20 ($1.00) earnings per share (EPS) for the quarter. Ashtead Group had a return on equity of 21.43% and a net margin of 14.08%. As a group, equities analysts forecast that Ashtead Group plc will post 363.5658915 earnings per share for the current fiscal year.

Ashtead Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 9th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, January 9th. This represents a yield of 0.45%. Ashtead Group’s payout ratio is presently 28.47%.

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.