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An announcement from Ashtead ( (GB:AHT) ) is now available.
Ashtead Group plc has executed a share repurchase transaction, acquiring 84,750 of its ordinary shares at an average price of 5,064 pence per share as part of its $1.5 billion share repurchase program. This transaction, facilitated by Barclays Bank PLC, reduces the company’s outstanding shares to 425,137,675, excluding treasury shares, and positions Ashtead to potentially enhance shareholder value and adjust its capital structure.
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’s strong financial performance and strategic initiatives, including a significant share buyback program, underpin its solid stock score. Positive technical indicators and fair valuation further support the stock’s potential, despite some challenges in specific market segments.
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 range of construction and industrial equipment for rent. The company primarily serves the construction, industrial, and homeowner markets, focusing on delivering high-quality equipment and services to its clients.
Average Trading Volume: 837,930
Technical Sentiment Signal: Strong Buy
Current Market Cap: £21.22B
See more data about AHT stock on TipRanks’ Stock Analysis page.