- 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