Aggreko plc (AGK) Downgraded to Sell at Berenberg Bank
Berenberg Bank cut shares of Aggreko plc (LON:AGK) to a sell rating in a report released on Monday morning. The brokerage currently has GBX 770 ($10.21) price objective on the stock, down from their previous price objective of GBX 800 ($10.61).
A number of other equities analysts have also recently issued reports on AGK. Peel Hunt restated a reduce rating and set a GBX 800 ($10.61) target price on shares of Aggreko plc in a report on Wednesday, August 2nd. J P Morgan Chase & Co reduced their target price on Aggreko plc from GBX 881 ($11.69) to GBX 867 ($11.50) and set a neutral rating on the stock in a report on Thursday, August 3rd. Jefferies Group LLC restated a hold rating and set a GBX 850 ($11.27) target price on shares of Aggreko plc in a report on Thursday, June 15th. Credit Suisse Group restated an underperform rating on shares of Aggreko plc in a report on Friday, July 21st. Finally, Morgan Stanley restated an underweight rating on shares of Aggreko plc in a report on Wednesday, July 12th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 876.25 ($11.62).
Shares of Aggreko plc (AGK) opened at 899.00 on Monday. The firm’s market cap is GBX 2.28 billion. The company has a 50-day moving average of GBX 889.45 and a 200 day moving average of GBX 876.91. Aggreko plc has a 12-month low of GBX 751.00 and a 12-month high of GBX 1,070.36.
The firm also recently declared a dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, September 7th will be given a dividend of GBX 9.38 ($0.12) per share. This represents a dividend yield of 1.1%. The ex-dividend date is Thursday, September 7th.
About Aggreko plc
Aggreko plc is a United Kingdom-based company, which is a 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 businesses: utility and industrial.
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