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An update from Ashtead ( (GB:AHT) ) is now available.
Ashtead Group PLC, a company engaged in a share repurchase program, has announced the repurchase of 82,141 of its ordinary shares at an average price of 5,496.4423 pence per share. This transaction is part of their ongoing $1.5 billion share repurchase initiative, which was initially announced in December 2024. The repurchase reduces the number of shares in circulation, potentially increasing the value of remaining shares and signaling confidence in the company’s financial health. The company now holds 27,578,526 ordinary shares in Treasury, with 423,776,307 shares remaining in issue.
The most recent analyst rating on (GB:AHT) stock is a Buy with a £6319.00 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 earnings call guidance are the primary drivers of its stock score. While technical indicators show positive momentum, the stock is nearing overbought levels, which could pose a risk. Valuation metrics suggest the stock is fairly valued, with a modest dividend yield. Addressing operational challenges will be crucial for maintaining profitability.
To see Spark’s full report on GB:AHT stock, click here.
More about Ashtead
Average Trading Volume: 825,052
Technical Sentiment Signal: Strong Buy
Current Market Cap: £23.45B
Find detailed analytics on AHT stock on TipRanks’ Stock Analysis page.