Zacks Investment Research lowered shares of Ashtead Group (NASDAQ:ASHTY) from a buy rating to a hold rating in a research report released on Friday.

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. “

Ashtead Group (NASDAQ:ASHTY) opened at 96.557 on Friday. The company’s 50 day moving average is $89.93 and its 200-day moving average is $85.40. The firm has a market cap of $12.01 billion and a P/E ratio of 17.144. Ashtead Group has a 52-week low of $60.39 and a 52-week high of $98.53.

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