Aggreko PLC (ARGKF) Downgraded to Hold at Zacks Investment Research
Aggreko PLC (OTCMKTS:ARGKF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.
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. “
A number of other analysts have also issued reports on the stock. Jefferies Group LLC upgraded shares of Aggreko from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. ValuEngine upgraded shares of Aggreko from a “hold” rating to a “buy” rating in a research report on Monday, October 23rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.00.
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Aggreko Company Profile
Aggreko plc is a United Kingdom-based company, which is a 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 businesses: utility and industrial.
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