Ashtead Group’s Scheme for US Listing Approved by Shareholders

Ashtead ( (GB:AHT) ) has issued an announcement.

Ashtead Group plc announced the approval of a scheme of arrangement to establish Sunbelt Rentals as a new Delaware holding company, facilitating a primary US listing. The scheme was approved by the requisite majority at both the Court Meeting and the Extraordinary General Meeting, with completion subject to the High Court’s sanction expected in Q1 2026.

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 shows solid financial health with strong profitability and cash flow management. The company’s strategic investments and share buyback program further bolster its market position. Despite some challenges in revenue growth and specific market segments, the overall outlook is positive.

To see Spark’s full report on GB:AHT stock, click here.

More about Ashtead

Ashtead Group plc operates in the equipment rental industry, primarily offering rental services through its subsidiary, Sunbelt Rentals. The company focuses on providing a wide range of construction and industrial equipment to various markets, with a significant presence in the United States.

Average Trading Volume: 1,141,964

Technical Sentiment Signal: Sell

Current Market Cap: £17.45B

For a thorough assessment of AHT stock, go to TipRanks’ Stock Analysis page.