Aggreko PLC (ARGKF) Lowered to Sell at Zacks Investment Research
Aggreko PLC (NASDAQ:ARGKF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Aggreko plc provides rental solutions to energy sector primarily of power generation and temperature control equipments. Its power generation rental solutions include generators, gas generators, transformers, load banks, fuel tanks, and electrical distribution equipment, as well as power accessories. Temperature control equipments include: chillers, cooling towers, air conditioners, spot coolers, air handlers, heaters, heat exchangers, and temperature accessories. The Company also provides dehumidifiers; and oil-free air solutions, including air compressor, air dryer, after coolers, and air accessories, as well as offers risk management solutions. Cooling equipments include supplemental cooling, thermal discharge cooling, cooling tower repair, contingency plan, emergency cooling, and cooling tower accessories. The Company also offers event services and process services. Aggreko plc is headquartered in Glasgow, the United Kingdom. “
Separately, Peel Hunt reissued a “hold” rating on shares of Aggreko PLC in a research note on Wednesday, August 3rd.
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Aggreko PLC (NASDAQ:ARGKF) traded up 2.75% during trading on Tuesday, reaching $11.96. The company’s stock had a trading volume of 426 shares. The firm has a 50 day moving average price of $12.82 and a 200-day moving average price of $15.07. Aggreko PLC has a 52-week low of $10.85 and a 52-week high of $17.98. The stock has a market cap of $3.06 billion and a price-to-earnings ratio of 18.60.
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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