Ashtead Stock News

I maintain a buy rating for Ashtead Group, confident in its long-term growth potential despite near-term uncertainties and recent earnings misses. AHT's FY29 adj EBITDA guidance remains achievable, driven by strong demand for mega projects and positive forward-looking indicators like the Dodge momentum index. Near-term risks include elevated interest rates impacting local construction demand an...

Ashtead Group PLC (LSE:AHT) faced a sharp drop for a second day running on Wednesday as analysts trimmed estimates in the wake of Tuesday's cut to full-year guidance. Though the industrial equipment rental firm detailed plans to shift its primary listing from London to the US, the news was overshadowed by a separate profit warning in interims.

Ashtead Group plc (OTCPK:ASHTF) Q2 2025 Results Conference Call December 10, 2024 5:00 AM ET Company Participants Brendan Horgan - CEO & Executive Director Michael Pratt - CFO & Director Conference Call Participants William Kirkness - Bernstein SG Rory Mckenzie - UBS Suhasini Varanasi - Goldman Sachs Katie Fleischer - KeyBanc Capital Markets Arnaud Lehmann - Bank of America Lush Mahendrarajah -...

Ashtead Group PLC (LSE:AHT) underwhelmed with plans to switch its primary listing to the US on Tuesday as a poor set of results clouded the news. Shares fell 12.4% to 5,492p in the wake of the two updates, placing Ashtead firmly ahead among the FTSE 100's biggest daily losers.

The FTSE 100 equipment rental company said moving its primary listing to the U.S. increase it exposure to investors and allow for its inclusion in “premier U.S. equity indices.”

Ashtead Group PLC (LSE:AHT) has proposed switching its primary listing from the UK to the US, marking yet another blow to London. “The board has concluded that the US market is the natural long-term listing venue for the group and that moving to a US primary listing is in the best interests of the business and its stakeholders,” the industrial equipment rental firm said on Tuesday.

Plant hire giant has Ashtead Group PLC (LSE:AHT) copped a downgrade from analysts at Deutsche Bank the day before its latest quarterly update Hold from buy is the new recommendation though Deutsche Bank says that Ashtead is the second-largest US equipment rental operator in the US and longer-term prospects are fine. Specifically, there is a structural shift from buy to rental, which will the la...

Ashtead Group PLC (LSE:AHT) shares have risen strongly since its last update in September with the prospect of a bumper construction spending spree by new US President Donald Trump adding to the momentum. Next week's second-quarter update will not have any benefit from that, but the US-focused plant hire group maintaining its full-year guidance in September has eased many of the concerns that s...