Aggreko plc (LON:AGK) was downgraded by research analysts at Peel Hunt to a “reduce” rating in a research report issued on Friday. They currently have a GBX 900 ($11.14) price objective on the stock, down from their prior price objective of GBX 1,200 ($14.85). Peel Hunt’s price objective would suggest a potential downside of 6.74% from the company’s previous close.
AGK has been the topic of several other research reports. JPMorgan Chase & Co. lowered their price objective on shares of Aggreko plc from GBX 1,179 ($14.59) to GBX 1,051 ($13.01) and set a “neutral” rating on the stock in a research report on Thursday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 1,070 ($13.24) price objective on shares of Aggreko plc in a research report on Thursday, August 4th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,150 ($14.23) price objective on shares of Aggreko plc in a research report on Thursday, June 23rd. HSBC lifted their price objective on shares of Aggreko plc from GBX 800 ($9.90) to GBX 900 ($11.14) and gave the stock a “reduce” rating in a research report on Tuesday, July 19th. Finally, Jefferies Group lifted their price objective on shares of Aggreko plc from GBX 650 ($8.04) to GBX 750 ($9.28) and gave the stock an “underperform” rating in a research report on Thursday, July 14th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 965.31 ($11.95).
Shares of Aggreko plc (LON:AGK) opened at 965.00 on Friday. The company’s 50 day moving average is GBX 992.76 and its 200 day moving average is GBX 1,099.58. The firm’s market cap is GBX 2.47 billion. Aggreko plc has a 52-week low of GBX 762.05 and a 52-week high of GBX 1,305.00.
The company also recently announced a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 1st were issued a dividend of GBX 9.38 ($0.12) per share. This represents a yield of 0.88%. The ex-dividend date was Thursday, September 1st.
In related news, insider Cran,Carole sold 796 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of GBX 1,067 ($13.21), for a total transaction of £8,493.32 ($10,511.53).
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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