Ashtead Group (LON:AHT) Sets New 52-Week Low – Should You Sell?

Ashtead Group plc (LON:AHT)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as GBX 4,116 ($53.21) and last traded at GBX 4,142.23 ($53.55), with a volume of 1095968 shares. The stock had previously closed at GBX 4,246 ($54.89).

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,800 ($87.91) price target on shares of Ashtead Group in a report on Monday, December 16th. JPMorgan Chase & Co. boosted their target price on shares of Ashtead Group from GBX 6,600 ($85.33) to GBX 7,300 ($94.38) and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 7,000 ($90.50) price target on shares of Ashtead Group in a report on Wednesday, January 22nd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 6,840 ($88.43).

Ashtead Group Trading Up 0.3 %

The firm’s fifty day moving average price is GBX 4,770.29 and its 200-day moving average price is GBX 5,331.75. The company has a market cap of £22.77 billion, a price-to-earnings ratio of 14.84, a P/E/G 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.

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 net margin of 14.08% and a return on equity of 21.43%. On average, equities analysts expect that Ashtead Group plc will post 363.5658915 EPS for the current fiscal year.

Ashtead Group Cuts Dividend

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

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.