ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “Ashtead Group Plc is an equipment company which provides rental solutions primarily in United States and United Kingdom. The company’s operating segments consists of Sunbelt Rentals and A-Plant. Sunbelt Rentals provides pump and power, climate control and scaffolding services. A-Plant business operates through Eve Trakway Limited, which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services and FLG services. Ashtead Group Plc is headquartered in London, the United Kingdom. “

Separately, ValuEngine cut shares of ASHTEAD GRP PLC/ADR from a hold rating to a sell rating in a research note on Thursday, February 28th.

ASHTY opened at $105.08 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.12 and a debt-to-equity ratio of 1.30. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 0.43 and a beta of 1.74. ASHTEAD GRP PLC/ADR has a 52-week low of $79.77 and a 52-week high of $129.35.

About ASHTEAD GRP PLC/ADR

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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