Ashtead Group’s (AHT) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of Ashtead Group (LON:AHT) in a research report sent to investors on Wednesday, Marketbeat reports. The brokerage currently has a GBX 6,500 ($85.47) price objective on the stock.

Several other brokerages also recently commented on AHT. Barclays reissued an overweight rating and issued a GBX 6,600 ($86.79) target price on shares of Ashtead Group in a report on Wednesday, May 15th. Jefferies Financial Group reiterated a buy rating and issued a GBX 6,150 ($80.87) price objective on shares of Ashtead Group in a research report on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Ashtead Group currently has a consensus rating of Moderate Buy and a consensus price target of GBX 4,933.13 ($64.87).

Ashtead Group Trading Down 1.4 %

Shares of AHT stock opened at GBX 5,190 ($68.24) on Wednesday. The company has a market capitalization of £22.65 billion, a P/E ratio of 1,880.43, a P/E/G ratio of 1.21 and a beta of 1.22. Ashtead Group has a 12-month low of GBX 4,437 ($58.34) and a 12-month high of GBX 6,180 ($81.26). The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 150.69. The firm has a 50-day moving average price of GBX 5,256.68 and a 200 day moving average price of GBX 5,473.69.

Ashtead Group Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 8th will be paid a $0.89 dividend. This is a boost from Ashtead Group’s previous dividend of $0.16. This represents a dividend yield of 1.28%. The ex-dividend date is Thursday, August 8th. Ashtead Group’s dividend payout ratio (DPR) is 2,898.55%.

Insider Transactions at Ashtead Group

In related news, insider Lucinda Riches sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of GBX 5,480 ($72.06), for a total value of £219,200 ($288,231.43). In related news, insider Lucinda Riches sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of GBX 5,480 ($72.06), for a total transaction of £219,200 ($288,231.43). Also, insider Brendan Horgan sold 37,063 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of GBX 5,112 ($67.22), for a total transaction of £1,894,660.56 ($2,491,335.38). 0.66% of the stock is currently owned by corporate insiders.

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.