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Summary
- Ashtead Group shares, down 1%, have returned over 50% in 2021
- The stock has rallied 300 per cent from pandemic closing lows
- Shares have mostly risen after recognising multi-year bottoms in March 2020
UK stock markets have struggled to maintain the rising momentum, likewise many other regional and Asian markets due to the renewed worries and extended distress amidst the businesses due to the evolving nature of the coronavirus pandemic. The benchmark FTSE 100 stands with a cumulative gain of more than 7 per cent, on a year-to-date (YTD) basis.
The majority of the gains have been handheld by a bunch of large-cap shares, while a dozen of blue-chip components have dropped in the last five-month period.
Shares of Ashtead Group Plc (LON: AHT), the London-headquartered equipment rental firm, have managed to gain a little more than 50 per cent in the corresponding period, supporting the headline index in the spell of recovery. Ashtead shares have had an eventful trading activity over the course of the last 15 months as the stock was able to register sharp gains right after achieving the multi-year bottoms during the coronavirus crisis.
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According to the historical data available with the London Stock Exchange, the stock of Ashtead has amassed a gain of 52.59 per cent to GBX 5,246 (2 June 2021) from the share price level of GBX 3,438 (31 December 2020).
Ashtead Group shares (YTD)
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While, on a broader stretch, the stock has rallied at least over 300 per cent from the multi-year low levels below GBX 1,500, recognised in the second half of March 2020.
Meanwhile, the stock of Ashtead slipped over 1 per cent in the trading session today, 3 June. The shares cracked further after opening marginally higher at GBX 5,256 in the morning deals. In the early afternoon trades, the Ashtead shares fell as much as 1.49 per cent to a day’s bottom of GBX 5,168 from the previous closing price of GBX 5,246 apiece.
Shares of Ashtead Group have emerged in the top five gainers among the 101 blue-chip constituents of FTSE 100 in the last 12-month period. The stock has staged a sharp comeback in the 14-and-a-half-month period from 20 March 2020. Earlier last month, on 27 May, the stock registered an all-time high of GBX 5,314 per share, up more than 400 per cent from the multi-year low of GBX 1,010 (19 March 2020).
