Ashtead Group (LON:AHT) Reaches New 12-Month Low – Should You Sell?

Ashtead Group plc (LON:AHT)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 4,764 ($60.29) and last traded at GBX 4,804 ($60.79), with a volume of 25646963 shares changing hands. The stock had previously closed at GBX 4,892 ($61.91).

Wall Street Analysts Forecast Growth

AHT has been the topic of a number of research reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 7,000 ($88.59) price target on shares of Ashtead Group in a research note on Wednesday, January 22nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,800 ($86.05) target price on shares of Ashtead Group in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their price target on Ashtead Group from GBX 6,600 ($83.52) to GBX 7,300 ($92.38) and gave the company an “overweight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 6,550 ($82.89).

Ashtead Group Stock Down 1.1 %

The company has a current ratio of 1.31, a quick ratio of 1.13 and a debt-to-equity ratio of 146.30. The business’s fifty day moving average price is GBX 5,086.54 and its 200 day moving average price is GBX 5,483.54. The company has a market capitalization of £26.41 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.32 and a beta of 1.22.

Ashtead Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 9th were paid a $0.36 dividend. The ex-dividend date was Thursday, January 9th. This represents a dividend yield of 0.45%. Ashtead Group’s dividend payout ratio is currently 28.47%.

Insider Buying and Selling

In other news, insider Brendan Horgan purchased 4,000 shares of Ashtead Group stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of GBX 5,320 ($67.32) per share, for a total transaction of £212,800 ($269,298.91). 0.64% of the stock is 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.