Insider Buying: Ashtead Group plc (LON:AHT) Insider Acquires 4,000 Shares of Stock

Ashtead Group plc (LON:AHT) insider Brendan Horgan purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of GBX 5,320 ($67.15) per share, with a total value of £212,800 ($268,585.13).

Ashtead Group Price Performance

The business has a fifty day moving average of GBX 5,998.79 and a 200-day moving average of GBX 5,604.65. The firm has a market capitalization of £22.74 billion, a P/E ratio of 1,979.40, a P/E/G ratio of 1.32 and a beta of 1.22. Ashtead Group plc has a 1-year low of GBX 4,711 ($59.46) and a 1-year high of GBX 6,448 ($81.38). The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 145.75.

Ashtead Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be paid a $0.36 dividend. This represents a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, January 9th. Ashtead Group’s dividend payout ratio is presently 3,018.87%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AHT. Berenberg Bank restated a “buy” rating and issued a GBX 7,000 ($88.35) price target on shares of Ashtead Group in a research note on Monday, October 14th. JPMorgan Chase & Co. increased their price target on shares of Ashtead Group from GBX 6,600 ($83.30) to GBX 7,300 ($92.14) and gave the stock an “overweight” rating in a research report on Friday, December 6th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,150 ($77.62) price target on shares of Ashtead Group in a research note on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 6,500 ($82.04) price objective on shares of Ashtead Group in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 6,441.67 ($81.30).

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.