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Ashtead Group Executes Share Buyback as Part of $1.5 Billion Program

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Ashtead Group Executes Share Buyback as Part of $1.5 Billion Program

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Ashtead ( (GB:AHT) ) has issued an update.

Ashtead Group plc has executed a share buyback as part of its $1.5 billion repurchase program, purchasing 97,656 ordinary shares at an average price of 4,467 pence each. This transaction reduces the number of shares in circulation and may impact shareholder calculations under the Disclosure and Transparency Rules, reflecting Ashtead’s strategic financial management and potential influence on market perception.

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 range of construction and industrial equipment to various sectors. The company focuses on serving markets in the UK, the US, and Canada, offering services that cater to construction, industrial, and homeowner needs.

Average Trading Volume: 1,109,035

Technical Sentiment Signal: Sell

Current Market Cap: £19.54B

See more data about AHT stock on TipRanks’ Stock Analysis page.

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