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Ashtead looks well equipped for further growth

The equipment rental company has reduced its cyclical exposure since the last recession
Ashtead looks well equipped for further growth
  • The group is tapping into the less mature US equipment rental market
  • Having diversified into ‘specialty’ industries, Ashtead is less cyclically exposed than you might think
IC TIP: Buy at 3,757p
Tip style
Growth
Risk rating
Medium
Timescale
Long Term
Bull points

Structural shift to equipment rental

Potential US infrastructure stimulus

Fund manager pick

Analyst upgrades

Bear points

Cyclical exposure

Valuation

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