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.
The latest announcement is out from Ashtead ( (GB:AHT) ).
Ashtead Group plc has executed a share repurchase transaction as part of its $1.5 billion buyback program, acquiring 85,290 ordinary shares at an average price of 5,234 pence per share. This transaction impacts the company’s share count, leaving 425,052,385 ordinary shares in issue and 26,302,448 held in Treasury, which may affect 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’s strong financial performance and positive technical indicators are the primary drivers of the stock’s score. The company’s strategic initiatives and robust earnings call further support its potential for growth. However, high leverage and challenges in certain segments present risks that temper the overall score.
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 and UK markets, serving a diverse clientele across various sectors.
Average Trading Volume: 835,606
Technical Sentiment Signal: Strong Buy
Current Market Cap: £22.06B
For a thorough assessment of AHT stock, go to TipRanks’ Stock Analysis page.