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.
Ashtead ( (GB:AHT) ) has issued an update.
Ashtead Group PLC, a company engaged in a share repurchase program, has announced the purchase of 87,100 of its ordinary shares at an average price of 5,266.0315 pence per share. This transaction is part of its ongoing $1.5 billion share repurchase initiative, which was initially announced in December 2024. The repurchase, executed through J.P. Morgan Securities plc, reduces the number of ordinary shares in circulation to 421,399,493, excluding those held in Treasury. This move could potentially impact shareholder calculations under the Disclosure and Transparency Rules, as it alters the denominator used for interest notifications.
The most recent analyst rating on (GB:AHT) stock is a Buy with a £6150.00 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 reflects strong financial performance and positive earnings call guidance, which are the most significant factors. The technical analysis presents mixed signals, with short-term bearish momentum but longer-term bullish trends. Valuation is fair, with a reasonable P/E ratio and modest dividend yield. Operational challenges noted in the earnings call could impact future performance, but the company’s strategic initiatives and market expansion efforts are promising.
To see Spark’s full report on GB:AHT stock, click here.
More about Ashtead
Average Trading Volume: 818,277
Technical Sentiment Signal: Strong Buy
Current Market Cap: £21.92B
Learn more about AHT stock on TipRanks’ Stock Analysis page.