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 reiterated by equities researchers at JPMorgan Chase & Co. in a report released on Wednesday, The Fly reports.

Several other research analysts have also commented on ASHTY. Liberum Capital lowered shares of ASHTEAD GRP PLC/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Barclays reissued an “overweight” rating on shares of ASHTEAD GRP PLC/ADR in a research report on Wednesday, June 17th. ValuEngine raised shares of ASHTEAD GRP PLC/ADR from a “sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Berenberg Bank reissued a “sell” rating on shares of ASHTEAD GRP PLC/ADR in a research report on Monday. Finally, Deutsche Bank reissued a “hold” rating on shares of ASHTEAD GRP PLC/ADR in a research report on Wednesday, September 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold”.

Shares of OTCMKTS ASHTY traded up $4.87 during trading hours on Wednesday, hitting $152.50. 26,795 shares of the stock were exchanged, compared to its average volume of 8,670. The company has a quick ratio of 1.49, a current ratio of 1.60 and a debt-to-equity ratio of 1.85. The company has a market cap of $17.13 billion, a PE ratio of 21.06 and a beta of 1.82. The firm has a fifty day moving average price of $139.80 and a 200-day moving average price of $119.03. ASHTEAD GRP PLC/ADR has a 12 month low of $53.33 and a 12 month high of $152.50.

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

ASHTEAD GRP PLC/ADR Company Profile

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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