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Ashtead ( (GB:AHT) ) has shared an update.
Ashtead Group PLC has executed a share repurchase transaction, acquiring 1,030 ordinary shares at an average price of 5,068.7903 pence per share as part of its $1.5 billion share buyback program. This transaction, facilitated by J.P. Morgan Securities plc, reduces the number of shares in circulation to 417,652,414, which stakeholders can use for calculating changes in their shareholding interests under regulatory rules.
The most recent analyst rating on (GB:AHT) stock is a Sell with a £4600.00 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 positive earnings call are the most significant factors driving the score. The company’s robust revenue growth, profitability, and cash flow generation support its stability and future growth prospects. Technical analysis presents mixed signals, and valuation metrics indicate a fair market price. Challenges in the U.K. market and margin pressures are areas to watch.
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 focuses on the North American market, where it serves a diverse customer base across various sectors, including construction, industrial, and infrastructure.
Average Trading Volume: 1,025,678
Technical Sentiment Signal: Strong Buy
Current Market Cap: £21.44B
See more insights into AHT stock on TipRanks’ Stock Analysis page.