According to Bloomberg.com, the nine research firms currently covering the company have recommended Ashtead Group plc, rated as a “Moderate Buy.” This rating represents the company’s average recommendation (OTCMKTS: ASHTY). Three research experts have given the business a buy recommendation, whereas only two have recommended that investors keep their shares. The price target of $5,447.20 for the next 12 months was created as the average price estimate for the company by analysts who have released research on it in the past year. This estimate created the price goal for the next 12 months.
Recent times have seen a rise in the number of analysts reports that focus on Ashty. Liberum Capital shifted its rating on Ashtead Group from “hold” to “buy” based on research made public on Friday, October 7, and was released. Barclays increased their price objective for Ashtead Group from GBX 5,650 ($68.94) to GBX 6,000 ($73.22) and announced it in a study published on Wednesday, December 7. Morgan Stanley announced that they had increased their price objective for Ashtead Group from GBX 4,830 ($58.94) to GBX 5,000 ($61.01) in a research report published on Wednesday, December 7. In a research note published on Thursday, January 12, the Royal Bank of Canada downgraded Ashtead Group from an “outperform” rating to a “sector perform” rating.
When trading started on Thursday, the price of ASHTY shares was established at $252.53 per share. All three of these financial ratios come in at 1.13, 1.25, and 1.16, respectively: the current ratio, the quick ratio, and the debt-to-equity ratio. Both the moving average price of the company over the past two hundred days, which comes in at $214.26 and the moving average price of the company over the past fifty days, which comes in at $240.20, have been relatively stable. The company currently carries a price-to-earnings ratio of 18.89, a price-to-earnings-to-growth ratio of 0.88, and a beta value of 1.81. Its market capitalization is currently valued at $27.71 billion. The current price of Ashtead Group is $298.88, which is higher than the one-year high of $161.67 but lower than the one-year low of $298.88.
The latest quarterly earnings report for Ashtead Group (OTCMKTS: ASHTY) was published on Tuesday, December 6, and the company’s results were made public. The company generated $4.69 per share during the period under consideration. During the period under consideration, the company generated total revenue of 2.54 billion dollars. The Ashtead Group successfully achieved a return on equity of 30.61% and a net margin of 16.72% in their business. The Ashtead Group is expected to generate earnings of 14.68 cents per share in the current fiscal year, according to projections made by market analysts.
In addition, the business has announced the payment of a dividend scheduled to take place on February 24. On Friday, January 13, shareholders currently registered for dividend payments will be eligible to receive a $0.55 payment. The date designated as the “ex-dividend date” for this dividend is Thursday, January 12. The total yield achieved as a consequence of this is 1.34 percent. Now, 8.23% of The Ashtead Group’s earnings are distributed to shareholders via dividends.
The company known as Ashtead Group Plc is in the business of supplying services associated with leasing various types of apparatus. The construction and industrial spheres are catered to by this business, which offers various products. This particular business offers a wide variety of specialized goods and services, such as pumps, power generation, heating and cooling systems, scaffolding, traffic control, temporary flooring, trench shoring, and lifting services. In addition, they also provide temporary flooring.
