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Ashtead ( (GB:AHT) ) has issued an update.
Ashtead Group plc has executed a share repurchase transaction, acquiring 85,000 of its ordinary shares at an average price of 4,344 pence per share as part of its $1.5 billion share buyback program. This transaction, facilitated by Barclays Bank PLC, reduces the number of ordinary shares in issue to 429,692,420, excluding treasury shares, and positions Ashtead to potentially enhance shareholder value and optimize its capital structure.
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 strategic growth initiatives are major positives. Moderate technical analysis signals and a reasonable valuation further support the stock’s potential, despite challenges in specific market segments.
To see Spark’s full report on GB:AHT stock, click here.
More about Ashtead
Average Trading Volume: 1,226,628
Technical Sentiment Signal: Sell
Current Market Cap: £18.67B
For detailed information about AHT stock, go to TipRanks’ Stock Analysis page.
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