Insider Buying: Ashtead Group plc (LON:AHT) Insider Acquires £212,800 in Stock

Ashtead Group plc (LON:AHT) insider Brendan Horgan purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were 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 firm has a 50 day simple moving average of GBX 5,998.79 and a two-hundred day simple moving average of GBX 5,604.65. 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 stock 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. The company has a debt-to-equity ratio of 145.75, a quick ratio of 1.13 and a current ratio of 1.17.

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 issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 0.45%. Ashtead Group’s payout ratio is 3,018.87%.

Analyst Ratings Changes

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