• Performance

    59.01%

  • Price at start

    287.25p

    (mid)

  • Price at close

    456.75p

    (mid)

  • Tip made

    10/08/2012

  • Tip Status

    Closed

    10/08/2015

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Tip Notes

Amid resilient US conditions, Ashtead's shares have soared by more than 90 per cent since early June. But they now trade on a toppy 15 times forecast earnings, which is expensive when compared with sector peers - their shares trade on nearer 12 times earnings. Add that to the chunky debt pile, the slender yield abd the flat UK performance, and the decent US growth story looks thoroughly factored in.\\nInvestors Chronicle

Tip Research

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