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Ashtead ( (GB:AHT) ) has issued an update.
Ashtead Group plc, a company involved in a share repurchase program, has announced the purchase of 88,953 of its ordinary shares at an average price of 4,810 pence per share. This transaction is part of a larger $1.5 billion share repurchase initiative announced in December 2024. Following this purchase, the company holds 24,730,957 shares in Treasury, with 426,623,876 shares remaining in issue. This move is likely to impact shareholder calculations under the Disclosure and Transparency Rules.
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’s strong financial performance and strategic initiatives in mega projects significantly boost its prospects. While technical indicators and valuation are supportive, the high leverage and challenges in certain markets necessitate careful monitoring.
To see Spark’s full report on GB:AHT stock, click here.
More about Ashtead
Average Trading Volume: 902,888
Technical Sentiment Signal: Hold
Current Market Cap: £20.48B
Learn more about AHT stock on TipRanks’ Stock Analysis page.