Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ashtead ( (GB:AHT) ) has shared an update.
Ashtead Group plc has repurchased 78,097 of its ordinary shares as part of its $1.5 billion share buyback program, with prices ranging from 4,665 to 4,771 pence per share. This transaction reduces the number of shares in circulation to 427,601,283, potentially impacting 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 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 for rent. The company primarily serves the construction, industrial, and homeowner markets, focusing on offering high-quality equipment and exceptional service to its clients.
Average Trading Volume: 1,059,838
Technical Sentiment Signal: Hold
Current Market Cap: £19.85B
Find detailed analytics on AHT stock on TipRanks’ Stock Analysis page.