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 paid a dividend of GBX 5.50 ($0.08) per share on Wednesday, February 7th. This represents a yield of 0.29%. The ex-dividend date is Thursday, January 18th. The official announcement can be viewed at this link.
Shares of Ashtead Group (LON:AHT) traded down GBX 51 ($0.72) during midday trading on Friday, reaching GBX 2,034 ($28.56). 2,083,226 shares of the company were exchanged, compared to its average volume of 1,580,000. Ashtead Group has a one year low of GBX 1,476 ($20.73) and a one year high of GBX 2,185 ($30.68). The stock has a market cap of $10,110.00 and a PE ratio of 1,849.09.
Ashtead Group (LON:AHT) last issued its quarterly earnings results on Tuesday, December 12th. The company reported GBX 70.20 ($0.99) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 69.10 ($0.97) by GBX 1.10 ($0.02). The company 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%.
AHT has been the subject of several recent analyst reports. Barclays lifted their target price on shares of Ashtead Group from GBX 1,867 ($26.22) to GBX 2,263 ($31.78) and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Liberum Capital reiterated a “buy” rating and issued a GBX 2,030 ($28.51) price target on shares of Ashtead Group in a research note on Thursday, October 19th. Credit Suisse Group upgraded shares of Ashtead Group to an “outperform” rating and lifted their price target for the stock from GBX 1,650 ($23.17) to GBX 2,240 ($31.46) in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ashtead Group in a research note on Friday, December 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 2,400 ($33.70) price target on shares of Ashtead Group in a research note on Thursday, December 21st. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Ashtead Group presently has an average rating of “Buy” and an average target price of GBX 2,182.14 ($30.64).
In other news, insider Suzanne Wood sold 145,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of GBX 2,056 ($28.87), for a total value of £2,981,200 ($4,186,490.66).
TRADEMARK VIOLATION NOTICE: “Ashtead Group plc Declares Dividend of GBX 5.50 (LON:AHT)” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/04/ashtead-group-plc-aht-to-go-ex-dividend-on-january-18th.html.
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.
Receive News & Ratings for Ashtead Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashtead Group and related companies with MarketBeat.com's FREE daily email newsletter.