Aggreko plc (AGK) Rating Lowered to Reduce at Peel Hunt
Aggreko plc (LON:AGK) was downgraded by research analysts at Peel Hunt to a “reduce” rating in a report released on Friday. They presently have a GBX 900 ($11.14) price target on the stock, down from their prior price target of GBX 1,200 ($14.85). Peel Hunt’s price objective would indicate a potential downside of 6.74% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Aggreko plc from GBX 1,150 ($14.23) to GBX 1,179 ($14.59) and gave the company a “neutral” rating in a report on Wednesday, June 29th. Royal Bank Of Canada dropped their target price on shares of Aggreko plc from GBX 1,150 ($14.23) to GBX 1,050 ($13.00) and set a “sector perform” rating on the stock in a report on Thursday. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 1,070 ($13.24) target price on shares of Aggreko plc in a report on Thursday, August 4th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 800 ($9.90) target price on shares of Aggreko plc in a report on Monday, June 27th. Finally, HSBC increased their price target on shares of Aggreko plc from GBX 800 ($9.90) to GBX 900 ($11.14) and gave the company a “reduce” rating in a report on Tuesday, July 19th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 965.31 ($11.95).
Shares of Aggreko plc (LON:AGK) opened at 965.00 on Friday. 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 capitalization is GBX 2.47 billion. The company’s 50-day moving average price is GBX 992.76 and its 200-day moving average price is GBX 1,099.58.
The company also recently declared a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 1st were given a dividend of GBX 9.38 ($0.12) per share. The ex-dividend date was Thursday, September 1st. This represents a dividend yield of 0.88%.
In related news, insider Cran,Carole sold 796 shares of the stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of GBX 1,067 ($13.21), for a total transaction of £8,493.32 ($10,511.53).
About Aggreko plc
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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