Ashtead Group (LON:AHT) Reaches New 52-Week Low - Time to Sell?

Ashtead Group plc (LON:AHT - Get Free Report) shares reached a new 52-week low on Monday . The company traded as low as GBX 4,116 ($53.22) and last traded at GBX 4,142.23 ($53.56), with a volume of 1095968 shares traded. The stock had previously closed at GBX 4,246 ($54.90).Get Ashtead Group alerts:Analyst Ratings ChangesA number of equities analysts have issued reports on AHT shares. Berenberg Bank reiterated a "buy" rating and set a GBX 7,000 ($90.51) price target on shares of Ashtead Group in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price target on shares of Ashtead Group from GBX 6,600 ($85.34) to GBX 7,300 ($94.39) and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, Jefferies Financial Group reissued a "buy" rating and set a GBX 6,800 ($87.92) target price on shares of Ashtead Group in a research report on Monday, December 16th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of GBX 6,840 ($88.44).Read Our Latest Analysis on Ashtead GroupAshtead Group Price PerformanceThe company has a debt-to-equity ratio of 146.30, a current ratio of 1.31 and a quick ratio of 1.13. The firm has a market cap of £22.62 billion, a PE ratio of 14.74, a P/E/G ratio of 1.32 and a beta of 1.22. The business's fifty day moving average is GBX 4,819.97 and its 200-day moving average is GBX 5,348.88. Ashtead Group (LON:AHT - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported GBX 77.20 ($1.00) earnings per share (EPS) for the quarter. Ashtead Group had a return on equity of 21.43% and a net margin of 14.08%. On average, research analysts predict that Ashtead Group plc will post 363.5658915 earnings per share for the current fiscal year. Ashtead Group Cuts DividendThe company also recently disclosed a dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 9th were given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, January 9th. This represents a dividend yield of 0.45%. Ashtead Group's dividend payout ratio (DPR) is currently 28.47%. Ashtead Group Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than Ashtead GroupHow to Buy Gold Stock and Invest in Gold3 Buyable Stocks With Solid Bottoms Ready to ReboundWhere to Find Earnings Call TranscriptsAdvantage+ Shopping: Meta's Fast Growing $20 Billion AI-Ads Star3 Stocks to Consider Buying in OctoberRobotaxi News: What Tesla and Lyft Headlines Mean for SharesThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ashtead Group Right Now?Before you consider Ashtead Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ashtead Group wasn't on the list.While Ashtead Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here