Royal Bank of Canada reaffirmed their outperform rating on shares of Aggreko (LON:AGK) in a research note issued to investors on Tuesday morning, Digital Look reports. Royal Bank of Canada currently has a GBX 1,000 ($13.07) price target on the stock.
Several other analysts have also recently commented on AGK. Peel Hunt restated a reduce rating on shares of Aggreko in a research note on Monday, July 29th. UBS Group restated a sell rating on shares of Aggreko in a research note on Monday, July 29th. Finally, Barclays raised their target price on shares of Aggreko from GBX 760 ($9.93) to GBX 820 ($10.71) and gave the stock an equal weight rating in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 855 ($11.17).
AGK stock opened at GBX 790.60 ($10.33) on Tuesday. Aggreko has a one year low of GBX 690.40 ($9.02) and a one year high of GBX 891.20 ($11.65). The stock has a market capitalization of $2.02 billion and a PE ratio of 16.37. The company has a debt-to-equity ratio of 62.68, a quick ratio of 1.39 and a current ratio of 1.94. The company has a fifty day moving average of GBX 805.78 and a 200-day moving average of GBX 788.84.
The business also recently disclosed a dividend, which will be paid on Tuesday, October 1st. Investors of record on Thursday, September 5th will be paid a GBX 9.38 ($0.12) dividend. This represents a dividend yield of 1.18%. The ex-dividend date is Thursday, September 5th. Aggreko’s dividend payout ratio (DPR) is 0.56%.
In related news, insider Chris Weston acquired 1,763 shares of Aggreko stock in a transaction that occurred on Friday, May 24th. The stock was purchased at an average price of GBX 810 ($10.58) per share, for a total transaction of £14,280.30 ($18,659.74). Also, insider Peter Kennerley sold 10,210 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of GBX 782 ($10.22), for a total transaction of £79,842.20 ($104,327.98).
Aggreko Plc supplies modular, mobile power, heating, cooling, and related services worldwide. The company operates in three segments: Rental Solutions, Power Solutions Industrial, and Power Solutions Utility. It offers power generation products, including diesel generators, G3+ generators, and gas generators, as well as Solar-diesel hybrid power plants; cooling systems, such as cooling towers, chillers, heat exchangers, and air handlers and conditioners; and desiccant and refrigerated dehumidifiers to prevent metal corrosion, aid processes, preserve equipment on cold stacked offshore rigs, reduce mold and mildew growth during production processes, and dry out water-damaged buildings, as well as to reduce drying times for concrete, insulation, and fireproofing.
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