Ashtead Group plc (LON:AHT) Plans Dividend of GBX 33.50

Ashtead Group plc (LON:AHT) declared a dividend on Tuesday, June 18th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 15th will be paid a dividend of GBX 33.50 ($0.44) per share on Friday, September 13th. This represents a dividend yield of 1.61%. The ex-dividend date is Thursday, August 15th. This is a positive change from Ashtead Group’s previous dividend of $6.50. The official announcement can be accessed at this link.

AHT opened at GBX 2,094 ($27.36) on Wednesday. The company has a debt-to-equity ratio of 134.18, a quick ratio of 1.27 and a current ratio of 1.39. The company has a market capitalization of $9.69 billion and a P/E ratio of 12.66. The business’s 50 day simple moving average is GBX 2,243.82. Ashtead Group has a fifty-two week low of GBX 1,572.50 ($20.55) and a fifty-two week high of GBX 2,461 ($32.16).

AHT has been the subject of a number of analyst reports. Peel Hunt restated a “buy” rating on shares of Ashtead Group in a report on Monday, June 17th. Deutsche Bank restated a “hold” rating on shares of Ashtead Group in a report on Wednesday, June 19th. Liberum Capital restated a “buy” rating on shares of Ashtead Group in a report on Thursday, July 18th. Numis Securities restated a “buy” rating and set a GBX 2,800 ($36.59) price objective on shares of Ashtead Group in a report on Thursday, June 13th. Finally, Morgan Stanley cut shares of Ashtead Group to an “equal weight” rating in a report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Ashtead Group currently has an average rating of “Buy” and a consensus target price of GBX 2,388.18 ($31.21).

In related news, insider Brendan Horgan sold 46,792 shares of the stock in a transaction on Thursday, July 4th. The shares were sold at an average price of GBX 2,320 ($30.31), for a total transaction of £1,085,574.40 ($1,418,495.23). Also, insider Lindsley Ruth bought 2,250 shares of Ashtead Group stock in a transaction that occurred on Monday, June 24th. The shares were acquired at an average price of GBX 2,202 ($28.77) per share, with a total value of £49,545 ($64,739.32).

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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Dividend History for Ashtead Group (LON:AHT)

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