Aggreko PLC (ARGKF) Lowered to Sell at Zacks Investment Research
Aggreko PLC (NASDAQ:ARGKF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “Aggreko plc provides rental solutions to energy sector primarily of power generation and temperature control equipments. Its power generation rental solutions include generators, gas generators, transformers, load banks, fuel tanks, and electrical distribution equipment, as well as power accessories. Temperature control equipments include: chillers, cooling towers, air conditioners, spot coolers, air handlers, heaters, heat exchangers, and temperature accessories. The Company also provides dehumidifiers; and oil-free air solutions, including air compressor, air dryer, after coolers, and air accessories, as well as offers risk management solutions. Cooling equipments include supplemental cooling, thermal discharge cooling, cooling tower repair, contingency plan, emergency cooling, and cooling tower accessories. The Company also offers event services and process services. Aggreko plc is headquartered in Glasgow, the United Kingdom. “
Separately, Peel Hunt restated a “hold” rating on shares of Aggreko PLC in a report on Wednesday, August 3rd.
Shares of Aggreko PLC (NASDAQ:ARGKF) traded up 2.75% during trading on Tuesday, reaching $11.96. The company had a trading volume of 426 shares. The company has a 50 day moving average of $12.82 and a 200-day moving average of $15.07. Aggreko PLC has a 52-week low of $10.85 and a 52-week high of $17.98. The firm has a market capitalization of $3.06 billion and a P/E ratio of 18.60.
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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