Ashtead Group (OTCMKTS:ASHTY) Downgraded by The Goldman Sachs Group to “Hold”

The Goldman Sachs Group cut shares of Ashtead Group (OTCMKTS:ASHTY) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

ASHTY has been the topic of a number of other reports. Royal Bank of Canada raised Ashtead Group from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd. Berenberg Bank upgraded Ashtead Group to a “strong-buy” rating in a report on Thursday, September 19th.

Ashtead Group Trading Down 2.6 %

Shares of Ashtead Group stock opened at $267.41 on Tuesday. Ashtead Group has a twelve month low of $241.94 and a twelve month high of $337.95. The firm’s 50-day moving average price is $312.81 and its 200 day moving average price is $292.87. The company has a current ratio of 1.17, a quick ratio of 1.08 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $29.23 billion, a PE ratio of 18.95, a P/E/G ratio of 1.94 and a beta of 1.64.

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.