Ashtead Group (LON:AHT) Sets New 1-Year Low – What’s Next?

Ashtead Group plc (LON:AHT)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 4,116 ($53.22) and last traded at GBX 4,142.23 ($53.56), with a volume of 1095968 shares trading hands. The stock had previously closed at GBX 4,246 ($54.90).

Analysts Set New Price Targets

AHT has been the topic of several recent analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 7,000 ($90.51) target price on shares of Ashtead Group in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price objective on Ashtead Group from GBX 6,600 ($85.34) to GBX 7,300 ($94.39) and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 6,800 ($87.92) target price on shares of Ashtead Group in a report on Monday, December 16th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 6,840 ($88.44).

Ashtead Group Price Performance

The firm has a market cap of £22.62 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. The company has a debt-to-equity ratio of 146.30, a current ratio of 1.31 and a quick ratio of 1.13. The firm has a 50-day simple moving average of GBX 4,819.97 and a 200 day simple moving average of GBX 5,348.88.

Ashtead Group (LON:AHT) last posted its earnings results on Tuesday, March 4th. The company reported GBX 77.20 ($1.00) 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 expect that Ashtead Group plc will post 363.5658915 EPS for the current year.

Ashtead Group Cuts Dividend

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