Aggreko (AGK) Sets New 12-Month Low After Analyst Downgrade
Aggreko plc (LON:AGK) reached a new 52-week low during mid-day trading on Tuesday after Deutsche Bank lowered their price target on the stock from GBX 920 to GBX 875. Deutsche Bank currently has a hold rating on the stock. Aggreko traded as low as GBX 749.60 ($10.36) and last traded at GBX 751.60 ($10.38), with a volume of 500411 shares traded. The stock had previously closed at GBX 760.60 ($10.51).
AGK has been the subject of several other research reports. Credit Suisse Group reissued an “underperform” rating and issued a GBX 750 ($10.36) price objective on shares of Aggreko in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 867 ($11.98) price objective on shares of Aggreko in a research report on Wednesday, November 22nd. Barclays dropped their price objective on shares of Aggreko from GBX 1,030 ($14.23) to GBX 955 ($13.19) and set an “overweight” rating for the company in a research report on Wednesday, November 22nd. Peel Hunt reissued a “reduce” rating and issued a GBX 800 ($11.05) price objective on shares of Aggreko in a research report on Tuesday, November 21st. Finally, Jefferies Group reissued a “buy” rating and issued a GBX 1,250 ($17.27) price objective on shares of Aggreko in a research report on Wednesday, November 22nd. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 870.18 ($12.02).
The company has a market cap of $1,940.00 and a P/E ratio of 1,613.62.
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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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