UK stock alert

UK

CLOSING UPDATE: Ashtead Group hits 52-week high fifth time in one month 17 October 2017 19:03 BST

NEWS BITES - EUROPE

This is an end of day Alert, produced after today's United Kingdom market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Ashtead Group, the 3rd largest support services company by market capitalisation in the United Kingdom, hit a 52-week high of GBX1,872.0 today for the fifth time in the past one month and last traded at GBX1,849.0. Trading volume was 50% of average at the end of the day. Compared with the FTSE 100 Index which rose 20.8 points (or 0.3%) in the day, this represented a relative price change of -0.8%.

Technical indicators complementing today's significant uptrend:

+ The positive 39.06 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the last one month the stock has hit a new 52-week high five times and in the last three months six times, pointing to an uptrend.

+ The present value of GBP1,000 invested one year ago is GBP1,468 [vs GBP1,082 for the FTSE 100 Index].

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Price/Earnings/Growth of 0.62 [1.6]

+ Dividend yield of 1.5% [0.8%]

+ Return on Equity 25.4% [14.0%]

+ Return on Assets 8.2% [4.4%]

+ Return on Capital Employed 15.7% [11.1%]

Other Bullish Signals include:

+ Interest cover is less leveraged at 8.3 times.

+ Total Liabilities/EBITDA of 2.8 is comfortably below the Joseph Piotroski benchmark of <5.

+ Tobin's Q Ratio is 1.5. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 15.5% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity is high at 25.4%.

Note

The stock has outperformed 75% of the United Kingdom market over the past 6 months.

Bearish Signals:

The price decreased 0.1% in the last week.

Overbought/Bearish:

The 1.2% discount to 12-month high of GBX1,872.0 against the 56.5% premium to 12-month low of GBX1,181.52 suggests the climb might be peaking.

TODAY'S ALERT

Morning Alert: Ashtead Group hits 52-week high fifth time in one month

17 October 2017 11:22 BST

Ashtead Group PLC (L:AHT) hit a 52-week high of GBX1,872.0 today for the fifth time in the past one month and last traded at GBX1,850.0. Trading volume was 57% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Ashtead Group hits 52-week high fourth time in one month

16 October 2017 19:05 BST

Ashtead Group, the 3rd largest support services company by market capitalisation in the United Kingdom, hit a 52-week high of GBX1,871.0 today for the fourth time in the past one month and last traded at GBX1,859.0. Trading volume was 46% of average at the end of the day. Compared with the FTSE 100 Index which fell 6.0 points (or 0.08%) in the day, this represented a relative price increase of 0.3%.

Afternoon Alert: Ashtead Group increases 0.6% - outperforming 85% of stocks

16 October 2017 15:42 BST

Ashtead Group PLC (L:AHT) has increased GBX12.0 (or 0.6%) today to trade at GBX1,867.0 and has outperformed 85% of the market in the past three months. A price rise combined with a high relative strength is a bullish signal.

Ashtead Group PLC (L:AHT; LON:AHT; LN:AHT)

ISIN: GB0000536739

PermID: 4295898044

Source: www.BuySellSignals.com