Todays Report: The Peel Hunt Downgrades Aggreko plc (AGK) to Reduce

The Peel Hunt Downgrades Aggreko plc (AGK) to Reduce

Aggreko plc (LON:AGK) was downgraded by equities research analysts at Peel Hunt to a “reduce” rating in a research report issued on Friday. They presently have a GBX 900 ($10.97) target price on the stock, down from their previous target price of GBX 1,200 ($14.63). Peel Hunt’s target price would suggest a potential downside of 1.85% from the stock’s current price.

A number of other research firms have also commented on AGK. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,150 ($14.02) price objective on shares of Aggreko plc in a research note on Tuesday, August 2nd. HSBC boosted their price target on Aggreko plc from GBX 800 ($9.75) to GBX 900 ($10.97) and gave the company a “reduce” rating in a research note on Tuesday, July 19th. Jefferies Group boosted their price target on Aggreko plc from GBX 650 ($7.92) to GBX 750 ($9.14) and gave the company an “underperform” rating in a research note on Thursday, July 14th. Royal Bank Of Canada boosted their price target on Aggreko plc from GBX 850 ($10.36) to GBX 1,150 ($14.02) and gave the company a “sector performer” rating in a research note on Thursday, June 30th. Finally, BNP Paribas restated an “underperform” rating and set a GBX 800 ($9.75) price target on shares of Aggreko plc in a research note on Monday, June 27th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 965.31 ($11.76).

Shares of Aggreko plc (LON:AGK) opened at 917.00 on Friday. Aggreko plc has a 52-week low of GBX 762.05 and a 52-week high of GBX 1,305.00. The firm’s market capitalization is GBX 2.35 billion. The company has a 50-day moving average price of GBX 985.44 and a 200 day moving average price of GBX 1,097.76.

The firm also recently announced a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 1st were issued a GBX 9.38 ($0.11) dividend. This represents a dividend yield of 0.88%. The ex-dividend date of this dividend was Thursday, September 1st.

In other news, insider Cran,Carole sold 796 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of GBX 1,067 ($13.00), for a total value of £8,493.32 ($10,351.40).

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