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Ashtead ( (GB:AHT) ) has issued an update.
Ashtead Group plc has executed a share repurchase transaction as part of its $1.5 billion buyback program, acquiring 89,100 ordinary shares at an average price of 4,325 pence per share. This transaction reduces the number of shares in circulation to 429,085,374, which stakeholders can use to assess their holdings under regulatory requirements.
The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 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 Group shows solid financial health with strong profitability and cash flow management. The company’s strategic investments and share buyback program further bolster its market position. Despite some challenges in revenue growth and specific market segments, the overall outlook is positive.
To see Spark’s full report on GB:AHT stock, click here.
More about Ashtead
Ashtead Group plc operates in the equipment rental industry, providing a wide range of construction and industrial equipment for rent. The company primarily focuses on the North American and UK markets, serving various sectors including construction, industrial, and homeowner markets.
Average Trading Volume: 1,173,813
Technical Sentiment Signal: Sell
Current Market Cap: £17.45B
For an in-depth examination of AHT stock, go to TipRanks’ Stock Analysis page.