Ashtead Stock News

Jefferies has cut its rating on Ashtead Group PLC (LSE:AHT), the equipment rental group, citing the recent strength in the shares. It has moved to 'hold' from 'buy', with the price target lowered to 5,700p from 5,900p.

Ashtead Group plc (OTCPK:ASHTY) Q1 2026 Earnings Call September 3, 2025 6:30 AM EDT Company Participants Brendan Horgan - CEO & Executive Director Alexander Pease - Chief Financial Officer Conference Call Participants Annelies Vermeulen - Morgan Stanley, Research Division Suhasini Varanasi - Goldman Sachs Group, Inc., Research Division William Kirkness - Sanford C. Bernstein & Co., LLC.

Ashtead Group PLC (LSE:AHT) confirmed plans to relist on the New York Stock Exchange in March, as it reported a drop in first-quarter profits compared to last year but raised its cash flow guidance.  Revenue came in at $2.8 billion for the three months to 31 July, up 2% year-on-year, with rental revenue also increasing 2% to $2.6 billion.

The update from Ashtead Technology Holdings PLC (AIM:AT.) on Tuesday morning, confirming its move from AIM to London's main board and solid first-half results, will be reassuring to investors, said analysts.

Shares in Ashtead Technology took off after it released solid first-half numbers and announced its move to London's Main Market will conclude during the autumn.

Subsea equipment specialist Ashtead Technology Holdings PLC (AIM:AT.) floated 12% higher to 386p after releasing a buoyant update and confirmed that it will glide over from AIM to London's main market on the first Monday of October.

Shares in Ashtead Technology Holdings PLC (AIM:AT.) fell 21% on Thursday after the subsea services group reported lower-than-expected revenues for the first half of 2025, despite maintaining profit guidance for the full year.

Stifel has revised its 12-month price target on Ashtead Technology Holdings PLC (AIM:AT.) to 660p, down from 900p, while reiterating a 'buy' rating on the shares.