Aggreko’s (AGK) Reduce Rating Reaffirmed at Peel Hunt

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Peel Hunt restated their reduce rating on shares of Aggreko (LON:AGK) in a report issued on Tuesday morning, LSE.Co.UK reports. The firm currently has a GBX 700 ($9.15) price objective on the stock.

AGK has been the topic of several other reports. Credit Suisse Group upgraded Aggreko to an outperform rating and raised their target price for the company from GBX 750 ($9.80) to GBX 905 ($11.83) in a research report on Tuesday, November 5th. UBS Group restated a sell rating on shares of Aggreko in a research report on Monday, July 29th. Berenberg Bank lowered their target price on Aggreko from GBX 770 ($10.06) to GBX 600 ($7.84) and set a sell rating on the stock in a research report on Friday, October 4th. Peel Hunt restated a reduce rating and issued a GBX 700 ($9.15) target price on shares of Aggreko in a research report on Monday. Finally, Royal Bank of Canada restated an outperform rating and issued a GBX 1,000 ($13.07) target price on shares of Aggreko in a research report on Tuesday, August 13th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Aggreko has a consensus rating of Hold and an average target price of GBX 817.50 ($10.68).

Shares of Aggreko stock traded up GBX 5.40 ($0.07) on Tuesday, reaching GBX 799.40 ($10.45). 287,321 shares of the company were exchanged, compared to its average volume of 1,200,000. 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’s 50-day moving average is GBX 799.90 and its two-hundred day moving average is GBX 803.79. The firm has a market cap of $2.05 billion and a price-to-earnings ratio of 16.55. Aggreko has a 1-year low of GBX 690.40 ($9.02) and a 1-year high of GBX 868.60 ($11.35).

Aggreko Company Profile

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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Analyst Recommendations for Aggreko (LON:AGK)

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