Royal Bank Of Canada Lowers Aggreko plc (AGK) Price Target to GBX 1,050
Aggreko plc (LON:AGK) had its target price decreased by investment analysts at Royal Bank Of Canada from GBX 1,150 ($14.23) to GBX 1,050 ($13.00) in a report released on Thursday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 7.36% from the company’s previous close.
A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. reduced their target price on Aggreko plc from GBX 1,179 ($14.59) to GBX 1,051 ($13.01) and set a “neutral” rating for the company in a report on Thursday, August 4th. Deutsche Bank AG restated a “hold” rating and issued a GBX 1,070 ($13.24) price target on shares of Aggreko plc in a research report on Thursday, August 4th. Peel Hunt restated a “hold” rating and issued a GBX 1,200 ($14.85) price target on shares of Aggreko plc in a research report on Wednesday, August 3rd. Barclays PLC restated an “overweight” rating and issued a GBX 1,150 ($14.23) price target on shares of Aggreko plc in a research report on Tuesday, August 2nd. Finally, HSBC upped their price target on Aggreko plc from GBX 800 ($9.90) to GBX 900 ($11.14) and gave the company a “reduce” rating in a research report on Tuesday, July 19th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 988.38 ($12.23).
Shares of Aggreko plc (LON:AGK) traded down 0.97% during trading on Thursday, hitting GBX 968.50. The stock had a trading volume of 583,224 shares. Aggreko plc has a 52-week low of GBX 762.05 and a 52-week high of GBX 1,305.00. The firm’s market cap is GBX 2.48 billion. The firm’s 50-day moving average is GBX 995.29 and its 200 day moving average is GBX 1,100.52.
The company also recently declared a dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 1st were paid a dividend of GBX 9.38 ($0.12) per share. This represents a yield of 0.88%. The ex-dividend date of this dividend was Thursday, September 1st.
In other Aggreko plc news, insider Cran,Carole sold 796 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of GBX 1,067 ($13.21), for a total transaction of £8,493.32 ($10,511.53).
Aggreko plc Company Profile
Aggreko plc is a United Kingdom-based provider of modular, mobile power and related solutions. The Company’s segments include Power Solutions and Rental Solutions. The Power Solutions segment provides solutions for power requirements. The Power Solutions segment has two divisions: utility and industrial.
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