Aggreko (LON:AGK) had its target price lifted by UBS Group from GBX 610 ($7.97) to GBX 640 ($8.36) in a research note published on Wednesday morning, ThisIsMoney.Co.Uk reports. UBS Group currently has a sell rating on the stock.
Several other brokerages have also weighed in on AGK. Credit Suisse Group reaffirmed a neutral rating on shares of Aggreko in a research report on Wednesday, March 27th. Royal Bank of Canada set a €21.50 ($25.00) price objective on shares of GEA Group Aktiengesellschaft and gave the company a neutral rating in a research report on Thursday, March 14th. Jefferies Financial Group reaffirmed a hold rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. Finally, Peel Hunt reaffirmed a hold rating on shares of Hilton Food Group in a research report on Wednesday, March 27th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 820 ($10.71).
Shares of AGK opened at GBX 797.60 ($10.42) on Wednesday. The company has a market capitalization of $2.04 billion and a price-to-earnings ratio of 16.24. The company’s 50 day simple moving average is GBX 793.42. The company has a debt-to-equity ratio of 56.40, a quick ratio of 1.48 and a current ratio of 1.99. Aggreko has a twelve month low of GBX 654 ($8.55) and a twelve month high of GBX 891.20 ($11.65).
In other news, insider Chris Weston purchased 1,763 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were bought at an average price of GBX 810 ($10.58) per share, with a total value of £14,280.30 ($18,659.74). Also, insider Peter Kennerley sold 10,210 shares of Aggreko stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of GBX 782 ($10.22), for a total transaction of £79,842.20 ($104,327.98).
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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