Ashtead Group plc Declares Dividend of GBX 5.50 (LON:AHT)

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).

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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.

Dividend History for Ashtead Group (LON:AHT)

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