ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) Stock Rating Reaffirmed by JPMorgan Chase & Co.

ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, The Fly reports.

ASHTY has been the topic of several other research reports. Credit Suisse Group restated an “outperform” rating on shares of ASHTEAD GRP PLC/ADR in a report on Thursday, September 10th. Deutsche Bank restated a “hold” rating on shares of ASHTEAD GRP PLC/ADR in a report on Wednesday, September 9th. Berenberg Bank restated a “sell” rating on shares of ASHTEAD GRP PLC/ADR in a report on Monday. Morgan Stanley reiterated an “equal weight” rating on shares of ASHTEAD GRP PLC/ADR in a research report on Thursday, August 27th. Finally, Liberum Capital downgraded shares of ASHTEAD GRP PLC/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. ASHTEAD GRP PLC/ADR currently has an average rating of “Hold”.

Shares of OTCMKTS:ASHTY traded up $4.87 during trading on Wednesday, reaching $152.50. 26,795 shares of the stock traded hands, compared to its average volume of 8,670. The stock has a 50-day moving average of $139.80 and a two-hundred day moving average of $119.03. ASHTEAD GRP PLC/ADR has a 52-week low of $53.33 and a 52-week high of $152.50. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.49 and a current ratio of 1.60. The stock has a market cap of $17.13 billion, a P/E ratio of 21.06 and a beta of 1.82.

ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $1.72 EPS for the quarter. ASHTEAD GRP PLC/ADR had a net margin of 13.37% and a return on equity of 24.28%. The firm had revenue of $1.49 billion for the quarter. Sell-side analysts expect that ASHTEAD GRP PLC/ADR will post 6.32 earnings per share for the current year.


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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Analyst Recommendations for ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY)

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