Aggreko (LON:AGK) Receives “Reduce” Rating from Peel Hunt

Peel Hunt restated their reduce rating on shares of Aggreko (LON:AGK) in a report released on Monday morning, ThisIsMoney.Co.Uk reports.

Several other analysts have also issued reports on AGK. Berenberg Bank upped their target price on Aggreko from GBX 600 ($7.89) to GBX 650 ($8.55) and gave the stock a sell rating in a report on Monday, January 27th. Royal Bank of Canada decreased their price target on Aggreko from GBX 1,000 ($13.15) to GBX 960 ($12.63) and set an outperform rating for the company in a research note on Monday, November 25th. HSBC reaffirmed a buy rating and set a GBX 1,050 ($13.81) price target on shares of Aggreko in a research report on Monday, January 13th. Barclays lowered their price target on Aggreko from GBX 820 ($10.79) to GBX 780 ($10.26) and set an equal weight rating on the stock in a research report on Thursday, March 5th. Finally, UBS Group reiterated a sell rating on shares of Aggreko in a research note on Monday, March 2nd. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Aggreko has a consensus rating of Hold and a consensus price target of GBX 846.67 ($11.14).

Shares of LON AGK opened at GBX 497.50 ($6.54) on Monday. The stock has a market capitalization of $1.20 billion and a price-to-earnings ratio of 9.81. The business has a 50-day moving average of GBX 625.97 and a 200-day moving average of GBX 770.88. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.92 and a quick ratio of 1.37. Aggreko has a fifty-two week low of GBX 285.90 ($3.76) and a fifty-two week high of GBX 881 ($11.59).

The company also recently announced a dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, April 23rd will be issued a GBX 18.27 ($0.24) dividend. This represents a dividend yield of 2.58%. This is a boost from Aggreko’s previous dividend of $9.38. The ex-dividend date of this dividend is Thursday, April 23rd. Aggreko’s dividend payout ratio is presently 0.55%.

In other news, insider Sarah Kuijlaars bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average cost of GBX 511 ($6.72) per share, for a total transaction of £15,330 ($20,165.75).

About Aggreko

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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