Aggreko plc (AGK) PT Lowered to GBX 700
Aggreko plc (LON:AGK) had its price objective dropped by Peel Hunt from GBX 900 ($11.24) to GBX 700 ($8.75) in a research note issued to investors on Wednesday. The brokerage currently has a “reduce” rating on the stock. Peel Hunt’s price objective indicates a potential downside of 10.66% from the company’s current price.
A number of other equities research analysts also recently commented on AGK. HSBC raised their target price on Aggreko plc from GBX 800 ($10.00) to GBX 900 ($11.24) and gave the company a “reduce” rating in a report on Tuesday, July 19th. Barclays PLC reissued an “overweight” rating and issued a GBX 1,150 ($14.37) target price on shares of Aggreko plc in a report on Tuesday, August 2nd. Deutsche Bank AG reissued a “hold” rating and issued a GBX 1,070 ($13.37) target price on shares of Aggreko plc in a report on Thursday, August 4th. JPMorgan Chase & Co. reduced their target price on Aggreko plc from GBX 1,179 ($14.73) to GBX 1,051 ($13.13) and set a “neutral” rating for the company in a report on Thursday, August 4th. Finally, Royal Bank Of Canada reduced their target price on Aggreko plc from GBX 1,150 ($14.37) to GBX 1,050 ($13.12) and set a “sector perform” rating for the company in a report on Thursday, October 13th. Six analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 882.62 ($11.03).
Shares of Aggreko plc (LON:AGK) opened at 783.50 on Wednesday. The stock’s 50 day moving average is GBX 869.47 and its 200-day moving average is GBX 1,055.92. The stock’s market cap is GBX 2.01 billion. Aggreko plc has a 12-month low of GBX 751.00 and a 12-month high of GBX 1,305.00.
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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