Jefferies Group Reiterates Underperform Rating for Aggreko plc (AGK)

Aggreko plc (LON:AGK)‘s stock had its “underperform” rating reiterated by research analysts at Jefferies Group in a research report issued on Friday. They presently have a GBX 750 ($9.14) target price on the stock. Jefferies Group’s target price suggests a potential downside of 18.21% from the stock’s current price.

AGK has been the topic of a number of other research reports. Peel Hunt reiterated a “hold” rating and set a GBX 1,200 ($14.63) price objective on shares of Aggreko plc in a research report on Wednesday, August 3rd. Barclays PLC restated an “overweight” rating and issued a GBX 1,150 ($14.02) price target on shares of Aggreko plc in a report on Tuesday, August 2nd. Royal Bank Of Canada upped their price target on shares of Aggreko plc from GBX 850 ($10.36) to GBX 1,150 ($14.02) and gave the stock a “sector performer” rating in a report on Thursday, June 30th. JPMorgan Chase & Co. cut their price target on shares of Aggreko plc from GBX 1,179 ($14.37) to GBX 1,051 ($12.81) and set a “neutral” rating on the stock in a report on Thursday, August 4th. Finally, HSBC upped their price target on shares of Aggreko plc from GBX 800 ($9.75) to GBX 900 ($10.97) and gave the stock a “reduce” rating in a report on Tuesday, July 19th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 965.31 ($11.76).

Analyst Recommendations for Aggreko plc (LON:AGK)

Shares of Aggreko plc (LON:AGK) opened at 917.00 on Friday. The company’s market capitalization is GBX 2.35 billion. Aggreko plc has a 1-year low of GBX 762.05 and a 1-year high of GBX 1,305.00. The firm’s 50-day moving average is GBX 985.44 and its 200-day moving average is GBX 1,097.76.

The company also recently declared a dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 1st were given a dividend of GBX 9.38 ($0.11) per share. This represents a dividend yield of 0.88%. The ex-dividend date was Thursday, September 1st.

In other Aggreko plc news, insider Cran,Carole sold 796 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of GBX 1,067 ($13.00), for a total transaction of £8,493.32 ($10,351.40).

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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