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An update from Ashtead ( (GB:AHT) ) is now available.
Ashtead Group plc has executed a share repurchase transaction, buying back 40,000 of its ordinary shares under its $1.5 billion share repurchase program. This move, involving an average purchase price of 5,090 pence per share, reduces the total number of shares in circulation, potentially increasing shareholder value and impacting market perception positively. The transaction was conducted with Barclays Bank PLC as the broker, and it adjusts the total shares available for shareholder calculations to 435,517,757, excluding those held in Treasury.
More about Ashtead
Ashtead Group plc operates in the equipment rental industry, providing a range of construction and industrial equipment for rent. The company focuses on serving markets in North America and the United Kingdom.
YTD Price Performance: 2.80%
Average Trading Volume: 1,103,137
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £21.66B
Learn more about AHT stock on TipRanks’ Stock Analysis page.
