Aggreko plc (AGK) Earns “Underperform” Rating from Jefferies Group
Aggreko plc (LON:AGK)‘s stock had its “underperform” rating reiterated by analysts at Jefferies Group in a research note issued to investors on Friday. They presently have a GBX 750 ($9.28) price target on the stock. Jefferies Group’s target price suggests a potential downside of 22.28% from the stock’s current price.
A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of 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 note on Thursday, August 4th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 1,070 ($13.24) price objective on shares of Aggreko plc in a research note on Thursday, August 4th. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,150 ($14.23) price objective on shares of Aggreko plc in a research note on Thursday, June 23rd. Peel Hunt reiterated a “hold” rating and issued a GBX 1,000 ($12.38) price objective on shares of Aggreko plc in a research note on Wednesday, July 13th. Finally, HSBC lifted their price objective on shares of Aggreko plc from GBX 800 ($9.90) to GBX 900 ($11.14) and gave the company a “reduce” rating in a research note on Tuesday, July 19th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 965.31 ($11.95).
Shares of Aggreko plc (LON:AGK) opened at 954.50 on Friday. The company’s market capitalization is GBX 2.44 billion. The company has a 50 day moving average price of GBX 992.76 and a 200 day moving average price of GBX 1,099.58. Aggreko plc has a 52 week low of GBX 762.05 and a 52 week high of GBX 1,305.00.
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The firm also recently declared a dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 1st were paid a GBX 9.38 ($0.12) dividend. This represents a 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 business’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 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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