Aggreko plc (AGK) Price Target Lowered to GBX 1,050 at Royal Bank Of Canada
Aggreko plc (LON:AGK) had its price objective cut by equities research analysts at Royal Bank Of Canada from GBX 1,150 ($14.23) to GBX 1,050 ($13.00) in a research report issued to clients and investors on Thursday. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 7.36% from the company’s current price.
Several other equities research analysts have also issued reports on the company. Barclays PLC reaffirmed an “overweight” rating and set a GBX 1,150 ($14.23) price target on shares of Aggreko plc in a research report on Thursday, June 23rd. JPMorgan Chase & Co. upped their target price on Aggreko plc from GBX 1,150 ($14.23) to GBX 1,179 ($14.59) and gave the stock a “neutral” rating in a report on Wednesday, June 29th. BNP Paribas reiterated an “underperform” rating and set a GBX 800 ($9.90) target price on shares of Aggreko plc in a report on Monday, June 27th. Jefferies Group upped their target price on Aggreko plc from GBX 650 ($8.04) to GBX 750 ($9.28) and gave the stock an “underperform” rating in a report on Thursday, July 14th. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 1,200 ($14.85) target price on shares of Aggreko plc in a report on Wednesday, August 3rd. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 988.38 ($12.23).
Shares of Aggreko plc (LON:AGK) traded down 0.92% during midday trading on Thursday, hitting GBX 969.00. The stock had a trading volume of 599,492 shares. The firm’s market cap is GBX 2.48 billion. Aggreko plc has a 52 week low of GBX 762.05 and a 52 week high of GBX 1,305.00. The company’s 50 day moving average is GBX 995.29 and its 200 day moving average is GBX 1,100.52.
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The company also recently disclosed a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 1st were given a dividend of GBX 9.38 ($0.12) per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a dividend yield of 0.88%.
In other Aggreko plc news, insider Cran,Carole sold 796 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of GBX 1,067 ($13.21), for a total value 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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