Aggreko plc (LON:AGK) was upgraded by analysts at Jefferies Group LLC to a “buy” rating in a research report issued on Monday. The brokerage currently has a GBX 1,250 ($16.44) target price on the stock, up from their previous target price of GBX 850 ($11.18). Jefferies Group LLC’s price target indicates a potential upside of 30.62% from the stock’s current price.
A number of other research firms have also issued reports on AGK. Berenberg Bank lowered shares of Aggreko plc to a “sell” rating and reduced their price target for the stock from GBX 800 ($10.52) to GBX 770 ($10.13) in a research report on Monday, October 2nd. Peel Hunt reissued a “reduce” rating and issued a GBX 800 ($10.52) price target on shares of Aggreko plc in a research report on Wednesday, August 2nd. Credit Suisse Group reissued an “underperform” rating on shares of Aggreko plc in a research report on Friday, July 21st. Finally, J P Morgan Chase & Co reduced their price target on shares of Aggreko plc from GBX 881 ($11.59) to GBX 867 ($11.40) and set a “neutral” rating for the company in a research report on Thursday, August 3rd. Six investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 909.58 ($11.96).
Shares of Aggreko plc (LON AGK) opened at GBX 957 ($12.59) on Monday. Aggreko plc has a 52 week low of GBX 751 ($9.88) and a 52 week high of GBX 1,070.36 ($14.08).
About Aggreko plc
Aggreko plc is a United Kingdom-based company, which is a 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 businesses: utility and industrial.
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