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The latest announcement is out from Ashtead ( (GB:AHT) ).
Ashtead Group plc, a company involved in a share repurchase program, announced the repurchase of 79,800 of its ordinary shares at an average price of 5,401 pence per share. This transaction is part of a larger $1.5 billion share buyback initiative announced in December 2024. The repurchase impacts the number of shares available in the market, potentially affecting shareholder calculations and interest notifications under regulatory rules.
The most recent analyst rating on (GB:AHT) stock is a Buy with a £6079.00 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 overall stock score is driven by strong financial performance and positive earnings call guidance, despite some challenges in revenue growth and leverage. Technical indicators suggest bullish momentum but caution due to overbought signals. Valuation is fair, with a moderate P/E ratio and modest dividend yield.
To see Spark’s full report on GB:AHT stock, click here.
More about Ashtead
Average Trading Volume: 823,860
Technical Sentiment Signal: Strong Buy
Current Market Cap: £22.81B
Learn more about AHT stock on TipRanks’ Stock Analysis page.