Ashtead Group (AHT) Posts Earnings Results

Ashtead Group (LON:AHT) released its quarterly earnings results on Tuesday. The company reported GBX 98.80 ($1.29) earnings per share (EPS) for the quarter, Bloomberg Earnings reports.

AHT stock traded down GBX 12.50 ($0.16) during midday trading on Thursday, reaching GBX 1,735 ($22.67). The stock had a trading volume of 1,466,767 shares, compared to its average volume of 2,210,000. Ashtead Group has a twelve month low of GBX 1,476 ($19.29) and a twelve month high of GBX 2,185 ($28.55).

The company also recently disclosed a dividend, which will be paid on Wednesday, February 6th. Investors of record on Thursday, January 17th will be given a GBX 6.50 ($0.08) dividend. The ex-dividend date is Thursday, January 17th. This represents a yield of 0.39%.

In other news, insider Ian Sutcliffe acquired 13,933 shares of the stock in a transaction that occurred on Friday, October 26th. The stock was purchased at an average cost of GBX 1,794 ($23.44) per share, for a total transaction of £249,958.02 ($326,614.43).

AHT has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,750 ($35.93) price target on shares of Ashtead Group in a report on Tuesday, September 11th. Liberum Capital reaffirmed a “buy” rating on shares of Ashtead Group in a report on Tuesday, September 11th. Peel Hunt reaffirmed a “buy” rating on shares of Ashtead Group in a report on Tuesday, September 11th. HSBC cut their price target on Ashtead Group from GBX 2,850 ($37.24) to GBX 2,500 ($32.67) and set a “buy” rating for the company in a report on Monday, October 29th. Finally, Numis Securities reaffirmed a “buy” rating on shares of Ashtead Group in a report on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 2,330 ($30.45).

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About Ashtead Group

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

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