Shares of Aggreko plc (LON:AGK) have been assigned an average recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 824 ($10.77).
A number of research firms have recently weighed in on AGK. Peel Hunt downgraded shares of Aggreko to a “reduce” rating and dropped their price target for the stock from GBX 800 ($10.45) to GBX 700 ($9.15) in a research note on Tuesday, January 22nd. UBS Group reduced their price objective on Aggreko from GBX 620 ($8.10) to GBX 610 ($7.97) and set a “sell” rating for the company in a research report on Wednesday, February 13th. Berenberg Bank restated a “sell” rating and issued a GBX 600 ($7.84) target price on shares of Aggreko in a research note on Wednesday, March 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,100 ($14.37) target price on shares of Aggreko in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Aggreko in a report on Thursday, March 14th.
Shares of LON:AGK opened at GBX 830.20 ($10.85) on Friday. The firm has a market cap of $2.12 billion and a price-to-earnings ratio of 16.91. Aggreko has a 12-month low of GBX 636.80 ($8.32) and a 12-month high of GBX 891.20 ($11.65). The company has a debt-to-equity ratio of 56.40, a current ratio of 1.99 and a quick ratio of 1.48.
The firm also recently announced a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 18th will be given a dividend of GBX 17.74 ($0.23) per share. This represents a yield of 2.42%. This is an increase from Aggreko’s previous dividend of $9.38. The ex-dividend date of this dividend is Thursday, April 18th. Aggreko’s dividend payout ratio is presently 0.55%.
In other news, insider Ken Hanna sold 3,569 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of GBX 738 ($9.64), for a total transaction of £26,339.22 ($34,416.86).
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, such as diesel generators, G3+ generators, and gas generators, as well as Solar-diesel hybrid power plants; cooling systems, including cooling towers, chillers, heat exchangers, air handlers, and air 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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