Renata Ribeiro Purchases 160 Shares of Ashtead Group plc (LON:AHT) Stock

Ashtead Group plc (LON:AHT) insider Renata Ribeiro purchased 160 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were acquired at an average cost of GBX 5,273 ($66.70) per share, for a total transaction of £8,436.80 ($10,671.39).

Ashtead Group Trading Up 0.9 %

Shares of Ashtead Group stock opened at GBX 5,178 ($65.49) on Thursday. The firm has a market cap of £22.60 billion, a price-to-earnings ratio of 1,779.38, a PEG ratio of 1.26 and a beta of 1.29. The business has a 50-day moving average price of GBX 5,637.80 and a 200-day moving average price of GBX 5,450.78. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 162.35. Ashtead Group plc has a twelve month low of GBX 4,437 ($56.12) and a twelve month high of GBX 6,180 ($78.17).

Ashtead Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 8th will be given a dividend of $0.89 per share. This is a positive change from Ashtead Group’s previous dividend of $0.16. The ex-dividend date is Thursday, August 8th. This represents a dividend yield of 1.28%. Ashtead Group’s dividend payout ratio (DPR) is presently 2,749.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays reissued an “overweight” rating and set a GBX 6,600 ($83.48) price target on shares of Ashtead Group in a report on Wednesday, May 15th. Royal Bank of Canada decreased their price target on Ashtead Group from GBX 5,300 ($67.04) to GBX 5,100 ($64.51) and set a “sector perform” rating on the stock in a report on Tuesday, March 12th. Deutsche Bank Aktiengesellschaft decreased their price target on Ashtead Group from GBX 6,800 ($86.01) to GBX 6,500 ($82.22) and set a “buy” rating on the stock in a report on Monday, June 24th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 6,150 ($77.79) price target on shares of Ashtead Group in a report on Wednesday, June 12th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 4,933.13 ($62.40).

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.