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Ashtead ( (GB:AHT) ) has issued an update.
Ashtead Group plc has executed a share repurchase transaction as part of its $1.5 billion share buyback program, purchasing 77,117 ordinary shares at an average price of 5,393 pence per share. This transaction impacts the company’s share structure, leaving 424,021,448 ordinary shares in issue and 27,333,385 shares held in Treasury, which stakeholders can use for disclosure and transparency calculations.
The most recent analyst rating on (GB:AHT) stock is a Buy with a £6079.00 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 overall stock score is driven by strong financial performance and positive earnings call guidance, despite some challenges in revenue growth and leverage. Technical indicators suggest bullish momentum but caution due to overbought signals. Valuation is fair, with a moderate P/E ratio and modest dividend yield.
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 for rent. The company primarily focuses on the North American and UK markets, serving sectors such as construction, industrial, and infrastructure.
Average Trading Volume: 816,054
Technical Sentiment Signal: Strong Buy
Current Market Cap: £23.07B
Find detailed analytics on AHT stock on TipRanks’ Stock Analysis page.