Ashtead Group plc (LON:AHT) Insider Brendan Horgan Buys 4,000 Shares

Ashtead Group plc (LON:AHT) insider Brendan Horgan acquired 4,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of GBX 5,320 ($67.15) per share, for a total transaction of £212,800 ($268,585.13).

Ashtead Group Price Performance

The stock has a market capitalization of £22.74 billion, a price-to-earnings ratio of 1,979.40, a P/E/G ratio of 1.32 and a beta of 1.22. The stock has a 50-day moving average price of GBX 5,998.79 and a 200 day moving average price of GBX 5,604.65. The company has a debt-to-equity ratio of 145.75, a quick ratio of 1.13 and a current ratio of 1.17. Ashtead Group plc has a 52 week low of GBX 4,711 ($59.46) and a 52 week high of GBX 6,448 ($81.38).

Ashtead Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be paid a dividend of $0.36 per share. This represents a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, January 9th. Ashtead Group’s dividend payout ratio (DPR) is presently 3,018.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Ashtead Group from GBX 6,600 ($83.30) to GBX 7,300 ($92.14) and gave the company an “overweight” rating in a research note on Friday, December 6th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,150 ($77.62) price target on shares of Ashtead Group in a research report on Tuesday, September 3rd. Berenberg Bank restated a “buy” rating and issued a GBX 7,000 ($88.35) price objective on shares of Ashtead Group in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 6,500 ($82.04) price objective on shares of Ashtead Group in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Ashtead Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 6,441.67 ($81.30).

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.