4th Jan 2023. 10.35am

Regency View:

TAKE PROFITS Ashtead (AHT)

Regency View:

TAKE PROFITS Ashtead (AHT)

Close Ashtead (AHT) at 4,857p

Our decision to step in and buy Ashtead during the summer sell-off has worked well.

Ashtead’s share price has recouped more than half of its H1 2022 sell-off and the shares are now trading on a forward PE of 14.4.

With the outlook for US economic growth looking fragile, we’re going to crystalise our gains on this cyclical stock and kick start the New Year with a profit!

Profit = 31.12% (including dividends)

AHT Daily Candle Chart

AHT Daily Candle Chart

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