Ashtead Group plc Plans Dividend of $1.44 (OTCMKTS:ASHTY)

Ashtead Group plc (OTCMKTS:ASHTY) announced a dividend on Tuesday, December 17th,NASDAQ Dividends reports. Shareholders of record on Friday, January 10th will be given a dividend of 1.44 per share on Monday, February 24th. The ex-dividend date is Friday, January 10th.

Ashtead Group Stock Performance

Shares of OTCMKTS ASHTY traded down $7.76 during midday trading on Thursday, hitting $254.50. The company’s stock had a trading volume of 95,312 shares, compared to its average volume of 15,436. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.08 and a current ratio of 1.17. Ashtead Group has a 1-year low of $241.94 and a 1-year high of $337.95. The firm’s fifty day moving average price is $309.84 and its 200-day moving average price is $291.97. The firm has a market cap of $27.82 billion, a P/E ratio of 18.04, a P/E/G ratio of 1.72 and a beta of 1.64.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ASHTY. The Goldman Sachs Group downgraded Ashtead Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Berenberg Bank upgraded Ashtead Group to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Royal Bank of Canada raised shares of Ashtead Group from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd.

About Ashtead Group

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.