Ashtead Group PLC (OTCMKTS:ASHTY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Ashtead Group PLC (OTCMKTS:ASHTY) have been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company.

ASHTY has been the subject of several recent analyst reports. KeyCorp raised shares of Ashtead Group from a “hold” rating to an “overweight” rating in a research report on Tuesday, December 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ashtead Group in a research report on Tuesday, January 6th. Finally, Zacks Research raised shares of Ashtead Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th.

Ashtead Group Stock Performance

Shares of ASHTY stock opened at $254.61 on Friday. Ashtead Group has a 52 week low of $186.01 and a 52 week high of $310.30. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.04. The firm has a 50 day moving average of $254.61 and a 200-day moving average of $259.17.

Ashtead Group Company Profile

Ashtead Group plc is a multinational equipment rental company that provides a broad range of rental solutions to construction, industrial, infrastructure and specialty markets. The business supplies temporary access, earthmoving, material handling, power and climate control equipment, tools and ancillaries to contractors, facilities managers and industrial customers. Its model emphasizes short- and long-term equipment hire as an alternative to capital ownership, supported by logistics, maintenance and on-site support to keep customer projects running.

The company’s product and service offering spans general-purpose and specialist equipment categories, including aerial work platforms, excavators and skid steers, generators and power distribution, HVAC and dewatering solutions, and hand and power tools.