Aggreko (LON:AGK) Given “Reduce” Rating at Peel Hunt

Peel Hunt reissued their reduce rating on shares of Aggreko (LON:AGK) in a research report sent to investors on Monday, Digital Look reports. Peel Hunt currently has a GBX 700 ($9.15) price target on the stock.

AGK has been the subject of a number of other reports. Barclays raised their target price on Aggreko from GBX 760 ($9.93) to GBX 820 ($10.71) and gave the company an equal weight rating in a research note on Tuesday, August 6th. 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 note on Tuesday, August 13th. Berenberg Bank lowered their target price on Aggreko from GBX 770 ($10.06) to GBX 600 ($7.84) and set a sell rating for the company in a research note on Friday, October 4th. UBS Group restated a sell rating on shares of Aggreko in a research note on Monday, July 29th. Finally, 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 note on Tuesday, November 5th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 817.50 ($10.68).

Shares of LON:AGK opened at GBX 794 ($10.38) on Monday. Aggreko has a twelve month low of GBX 690.40 ($9.02) and a twelve month high of GBX 869.60 ($11.36). The firm has a market cap of $2.03 billion and a PE ratio of 16.44. 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 business has a fifty day moving average of GBX 800.26 and a 200-day moving average of GBX 804.03.

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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