Canaccord Genuity Initiates Coverage on Aggreko plc (AGK)
Analysts at Canaccord Genuity initiated coverage on shares of Aggreko plc (LON:AGK) in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. The firm set a “sell” rating and a GBX 1,237 ($19.85) price target on the stock. Canaccord Genuity’s target price points to a potential downside of 16.98% from the company’s current price.
AGK has been the subject of a number of other recent research reports. Analysts at AlphaValue reiterated a “buy” rating on shares of Aggreko plc in a research note to investors on Thursday. They now have a GBX 1,990 ($31.93) price target on the stock. Separately, analysts at Barclays Capital downgraded shares of Aggreko plc to an “equal weight” rating in a research note to investors on Thursday, October 3rd. They now have a GBX 1,440 ($23.10) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. cut their price target on shares of Aggreko plc from GBX 1,955 ($31.37) to GBX 1,876 ($30.10) in a research note to investors on Friday, September 27th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 1,883.07 ($30.21).
Shares of Aggreko plc (LON:AGK) traded down 1.01% during mid-day trading on Friday, hitting GBX 1475.00. 509,039 shares of the company’s stock traded hands. Aggreko plc has a 1-year low of GBX 1429.00 and a 1-year high of GBX 2347.00. The stock has a 50-day moving average of GBX 1633. and a 200-day moving average of GBX 1734.. The company’s market cap is £3.938 billion.
Aggreko plc (LON:AGK) provides power and temperature control solutions to customers who need them either very quickly, or for a short or indeterminate length of time.
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