Aggreko plc (LON:AGK) had its price objective lowered by Royal Bank Of Canada from GBX 1,150 ($14.23) to GBX 1,050 ($13.00) in a research note released on Thursday. The brokerage currently has a sector perform rating on the stock.
A number of other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. cut their price objective on Aggreko plc from GBX 1,179 ($14.59) to GBX 1,051 ($13.01) and set a neutral rating on the stock in a research report on Thursday, August 4th. Deutsche Bank AG reiterated a hold rating and issued a GBX 1,070 ($13.24) price objective on shares of Aggreko plc in a research report on Thursday, August 4th. Peel Hunt reiterated a hold rating and issued a GBX 1,200 ($14.85) price objective on shares of Aggreko plc in a research report on Wednesday, August 3rd. Barclays PLC reiterated an overweight rating and issued a GBX 1,150 ($14.23) price objective on shares of Aggreko plc in a research report on Tuesday, August 2nd. Finally, HSBC lifted their price objective on Aggreko plc from GBX 800 ($9.90) to GBX 900 ($11.14) and gave the stock a reduce rating in a research report on Tuesday, July 19th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 965.31 ($11.95).
Aggreko plc (LON:AGK) traded down 2.90% during midday trading on Thursday, reaching GBX 937.00. The company had a trading volume of 2,356,704 shares. The stock’s market capitalization is GBX 2.40 billion. The company has a 50-day moving average of GBX 992.76 and a 200-day moving average of GBX 1,099.58. Aggreko plc has a 12-month low of GBX 762.05 and a 12-month high of GBX 1,305.00.
The firm also recently declared a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 1st were paid a GBX 9.38 ($0.12) dividend. This represents a dividend yield of 0.88%. The ex-dividend date was Thursday, September 1st.
In other news, insider Cran,Carole sold 796 shares of the business’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of GBX 1,067 ($13.21), for a total value of £8,493.32 ($10,511.53).
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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