Aggreko plc (AGK) Price Target Cut to GBX 1,000
Aggreko plc (LON:AGK) had its price target reduced by Barclays PLC from GBX 1,150 ($14.37) to GBX 1,000 ($12.49) in a research report issued on Monday. The brokerage presently has an “overweight” rating on the stock. Barclays PLC’s target price would suggest a potential upside of 24.69% from the company’s previous close.
Several other equities research analysts have also recently issued reports on the stock. Credit Suisse Group AG cut shares of Aggreko plc to an “underperform” rating and reduced their price objective for the company from GBX 1,065 ($13.31) to GBX 740 ($9.25) in a research report on Thursday, October 20th. Morgan Stanley upgraded shares of Aggreko plc to an “equal weight” rating in a research report on Friday, November 4th. Peel Hunt cut shares of Aggreko plc to a “reduce” rating and reduced their price objective for the company from GBX 1,200 ($14.99) to GBX 900 ($11.24) in a research report on Friday, October 14th. Deutsche Bank AG reduced their price objective on shares of Aggreko plc from GBX 1,070 ($13.37) to GBX 780 ($9.75) and set a “hold” rating on the stock in a research report on Tuesday, November 1st. Finally, Jefferies Group reiterated an “underperform” rating and set a GBX 750 ($9.37) price objective on shares of Aggreko plc in a research report on Friday, October 14th. Seven investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 906.46 ($11.33).
Shares of Aggreko plc (LON:AGK) opened at 802.00 on Monday. The company’s market capitalization is GBX 2.05 billion. Aggreko plc has a 12-month low of GBX 760.75 and a 12-month high of GBX 1,305.00. The company’s 50-day moving average is GBX 879.01 and its 200-day moving average is GBX 1,060.11.
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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