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Ashtead ( (GB:AHT) ) just unveiled an announcement.
Ashtead Group plc, a company involved in a share repurchase program, announced the repurchase of 87,000 ordinary shares at an average price of 4,338 pence per share on May 27, 2025. This transaction is part of their up to $1.5 billion share repurchase initiative, which was announced in December 2024. Following this transaction, the company holds 21,492,413 shares in Treasury, with 429,862,420 shares remaining in issue. This move is significant for stakeholders as it impacts the number of shares available for trading and could influence shareholder calculations under the Disclosure and Transparency Rules.
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, strategic investments, and share buyback program underpin its solid stock score. Technical indicators and valuation suggest moderate growth potential, while earnings call insights highlight both strengths in safety and specialty growth, and challenges in certain segments.
To see Spark’s full report on GB:AHT stock, click here.
More about Ashtead
Average Trading Volume: 1,264,569
Technical Sentiment Signal: Sell
Current Market Cap: £18.11B
For a thorough assessment of AHT stock, go to TipRanks’ Stock Analysis page.