Royal Bank Of Canada Lowers Aggreko plc (AGK) Price Target to GBX 1,050
Aggreko plc (LON:AGK) had its target price dropped by research analysts at Royal Bank Of Canada from GBX 1,150 ($14.23) to GBX 1,050 ($13.00) in a report issued on Thursday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 7.36% from the stock’s current price.
Several other research analysts also recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Aggreko plc from GBX 1,179 ($14.59) to GBX 1,051 ($13.01) and set a “neutral” rating for the company in a research report on Thursday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 1,070 ($13.24) target price on shares of Aggreko plc in a research note on Thursday, August 4th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 1,200 ($14.85) target price on shares of Aggreko plc in a research note on Wednesday, August 3rd. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,150 ($14.23) target price on shares of Aggreko plc in a research note on Tuesday, August 2nd. Finally, HSBC lifted their target price 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 note on Tuesday, July 19th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 988.38 ($12.23).
Shares of Aggreko plc (LON:AGK) traded down 0.97% during mid-day trading on Thursday, hitting GBX 968.50. The stock had a trading volume of 583,224 shares. Aggreko plc has a 12-month low of GBX 762.05 and a 12-month high of GBX 1,305.00. The stock’s market cap is GBX 2.48 billion. The company’s 50 day moving average price is GBX 995.29 and its 200 day moving average price is GBX 1,100.52.
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The firm also recently declared a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 1st were given a dividend of GBX 9.38 ($0.12) per share. The ex-dividend date was Thursday, September 1st. This represents a yield of 0.88%.
In related news, insider Cran,Carole sold 796 shares of the company’s stock in a transaction 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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