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Ashtead Group plc (OTCMKTS:ASHTY - Get Rating) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 9,600 shares, a decrease of 41.1% from the August 15th total of 16,300 shares. Based on an average trading volume of 17,200 shares, the days-to-cover ratio is currently 0.6 days. Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of Ashtead Group from GBX 4,825 ($58.30) to GBX 5,150 ($62.23) in a report on Thursday, September 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Ashtead Group from GBX 4,770 ($57.64) to GBX 4,136 ($49.98) in a research note on Wednesday, May 18th. Barclays cut their price objective on Ashtead Group from GBX 5,940 ($71.77) to GBX 5,650 ($68.27) in a research report on Wednesday, June 15th. Morgan Stanley lifted their target price on Ashtead Group from GBX 4,655 ($56.25) to GBX 4,830 ($58.36) in a research report on Wednesday, September 7th. Finally, OTR Global cut shares of Ashtead Group to a "positive" rating in a report on Wednesday, June 22nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,311.00.Ashtead Group Stock Up 0.5 %

Shares of ASHTY traded up $1.08 during midday trading on Thursday, reaching $201.69. 5,345 shares of the stock were exchanged, compared to its average volume of 7,977. The company has a market capitalization of $22.22 billion, a P/E ratio of 17.40, a PEG ratio of 0.63 and a beta of 1.85. The company has a current ratio of 1.29, a quick ratio of 1.18 and a debt-to-equity ratio of 1.02. Ashtead Group has a 52 week low of $161.67 and a 52 week high of $349.69. The company's 50 day moving average is $205.10 and its two-hundred day moving average is $216.32. Ashtead Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, September 26th. Shareholders of record on Friday, August 12th will be issued a dividend of $2.65 per share. This represents a yield of 1.4%. This is a boost from Ashtead Group's previous dividend of $0.45. The ex-dividend date of this dividend is Thursday, August 11th. Ashtead Group Company Profile (Get Rating)

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.Read MoreGet a free copy of the StockNews.com research report on Ashtead Group (ASHTY)Why Medical Products Maker Repligen May Be A Potential Buy At 10%, Is Arbor Realty Trust Dividend Worth It? Investors Should Tune Into RF Industries 2 Reasons Netflix Might Have Just Bottomed OutMurphy USA Outperforming Other Mid-caps, But Is It A Buy Now?

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