Ashtead Continues $1.5bn Buyback With New Treasury Share Purchase

Ashtead ( (GB:AHT) ) has shared an announcement.

Ashtead Group has continued executing its previously announced share repurchase programme of up to $1.5bn, buying back 75,000 ordinary shares on 2 January 2026 at an average price of 5,072.19 pence per share through J.P. Morgan Securities. Following this transaction, the company holds 34,501,633 shares in treasury and has 416,853,200 shares in issue excluding treasury, a revised share count that will be used for regulatory disclosure thresholds and which marginally enhances earnings per share for remaining investors as Ashtead returns capital via buybacks.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £6006.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Spark’s Take on GB:AHT Stock

According to Spark, TipRanks’ AI Analyst, GB:AHT is a Outperform.

Ashtead’s strong financial performance and positive earnings call are the most significant factors contributing to the score. The technical analysis indicates a strong upward trend, although overbought conditions suggest caution. Valuation metrics show moderate pricing, with a relatively low dividend yield.

To see Spark’s full report on GB:AHT stock, click here.

More about Ashtead

Ashtead Group plc is an international equipment rental company, best known in North America for its Sunbelt Rentals brand, supplying construction, industrial and specialty equipment to contractors and other commercial customers. Listed in London, the group operates in cyclical end-markets where capital allocation, including share buybacks, is a key tool in managing returns to shareholders and optimising its balance sheet.

Average Trading Volume: 1,042,260

Technical Sentiment Signal: Strong Buy

Current Market Cap: £21.24B

Find detailed analytics on AHT stock on TipRanks’ Stock Analysis page.