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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Ashtead ( (GB:AHT) ) just unveiled an announcement.
Ashtead Group plc has executed a share repurchase transaction as part of its $1.5 billion buyback program, acquiring 88,343 ordinary shares at an average price of 4,829 pence per share. This transaction reduces the number of ordinary shares in issue to 426,801,850, 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’s overall stock score is driven by its strong financial performance and positive corporate events, particularly the significant share buyback program. While technical analysis and earnings call insights show a resilient business model, the valuation remains fair, suggesting moderate upside potential.
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 wide range of construction and industrial equipment. The company primarily focuses on markets in the United States and the United Kingdom, offering services that cater to construction, industrial, and homeowner needs.
Average Trading Volume: 918,723
Technical Sentiment Signal: Hold
Current Market Cap: £20.6B
Learn more about AHT stock on TipRanks’ Stock Analysis page.