Morgan Stanley Increases Aggreko plc Price Target to GBX 1,350 (AGK)
Stock analysts at Morgan Stanley increased their price target on shares of Aggreko plc (LON:AGK) from GBX 1,300 ($21.87) to GBX 1,350 ($22.72) in a report issued on Thursday. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s target price points to a potential downside of 20.96% from the company’s current price.
Shares of Aggreko plc (LON:AGK) traded down 0.81% on Thursday, hitting GBX 1708.00. The stock had a trading volume of 634,981 shares. Aggreko plc has a 52 week low of GBX 1501.354 and a 52 week high of GBX 1841.7589. The stock’s 50-day moving average is GBX 1689. and its 200-day moving average is GBX 1673.81. The company’s market cap is £4.543 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Wednesday, September 3rd will be given a dividend of GBX 9.38 ($0.16) per share. This represents a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, September 3rd.
AGK has been the subject of a number of other recent research reports. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Aggreko plc in a research note on Wednesday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Aggreko plc in a research note on Wednesday. They now have a GBX 1,400 ($23.56) price target on the stock. Finally, analysts at Investec raised their price target on shares of Aggreko plc from GBX 1,650 ($27.76) to GBX 1,700 ($28.61) in a research note on Wednesday. They now have a “hold” rating on the stock. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 1,688.32 ($28.41).
Aggreko plc (LON:AGK) provides power and temperature control solutions to customers who need them either quickly, or for a limited period of time.
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