Ashtead Group plc (LON:AHT) declared a dividend on Tuesday, December 12th, Upcoming.Co.Uk reports. Investors of record on Thursday, January 18th will be given a dividend of GBX 5.50 ($0.07) per share on Wednesday, February 7th. This represents a yield of 0.29%. The ex-dividend date of this dividend is Thursday, January 18th. The official announcement can be accessed at this link.
Ashtead Group (AHT) traded up GBX 32 ($0.43) during midday trading on Friday, reaching GBX 2,105 ($28.55). 2,120,000 shares of the company traded hands, compared to its average volume of 1,800,000. The stock has a market capitalization of $10,500.00 and a PE ratio of 1,913.64. Ashtead Group has a 52-week low of GBX 1,476 ($20.02) and a 52-week high of GBX 2,118 ($28.72).
Ashtead Group (LON:AHT) last posted its quarterly earnings results on Tuesday, December 12th. The company reported GBX 70.20 ($0.95) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 69.10 ($0.94) by GBX 1.10 ($0.01). The firm had revenue of GBX 189.91 billion during the quarter. Ashtead Group had a net margin of 16.77% and a return on equity of 32.51%.
In other Ashtead Group news, insider Suzanne Wood sold 145,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of GBX 2,056 ($27.88), for a total transaction of £2,981,200 ($4,042,853.27).
Several research analysts recently issued reports on the stock. Liberum Capital reissued a “buy” rating and set a GBX 2,030 ($27.53) price target on shares of Ashtead Group in a report on Thursday, December 7th. Investec reissued a “buy” rating and set a GBX 2,700 ($36.62) price target on shares of Ashtead Group in a report on Thursday. Citigroup reissued a “buy” rating and set a GBX 2,000 ($27.12) price target on shares of Ashtead Group in a report on Monday, October 30th. Deutsche Bank reissued a “hold” rating and set a GBX 1,800 ($24.41) price target on shares of Ashtead Group in a report on Wednesday, December 13th. Finally, Barclays increased their price target on shares of Ashtead Group from GBX 1,867 ($25.32) to GBX 2,263 ($30.69) and gave the stock an “overweight” rating in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 2,078.20 ($28.18).
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About Ashtead Group
Ashtead Group plc is an equipment rental company. The Company rents a range of construction and industrial equipment across a range of applications to a diverse customer base. The Company’s segments include Sunbelt and A-Plant. The Company operates in the United States, the United Kingdom and Canada.
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