Shares of Aggreko plc (LON:AGK) have been assigned an average rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 929 ($12.14).
AGK has been the subject of a number of research analyst reports. UBS Group reiterated a “sell” rating on shares of Aggreko in a research report on Monday, July 29th. Barclays increased their target price on shares of Aggreko from GBX 760 ($9.93) to GBX 820 ($10.71) and gave the stock an “equal weight” rating in a research report on Tuesday, August 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 1,000 ($13.07) target price on shares of Aggreko in a research report on Tuesday. Finally, Peel Hunt reiterated a “reduce” rating on shares of Aggreko in a research report on Monday, July 29th.
In other news, insider Peter Kennerley sold 10,210 shares of the stock in a transaction 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). Also, insider Chris Weston purchased 1,763 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were acquired at an average price of GBX 810 ($10.58) per share, for a total transaction of £14,280.30 ($18,659.74).
AGK stock traded down GBX 20.40 ($0.27) during midday trading on Friday, reaching GBX 790.60 ($10.33). The company had a trading volume of 556,876 shares, compared to its average volume of 1,200,000. Aggreko has a 1 year low of GBX 690.40 ($9.02) and a 1 year high of GBX 891.20 ($11.65). The company has a debt-to-equity ratio of 62.68, a current ratio of 1.94 and a quick ratio of 1.39. The stock has a market capitalization of $2.02 billion and a P/E ratio of 16.37. The company’s 50 day moving average price is GBX 805.81.
The firm also recently declared a dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, September 5th will be paid a dividend of GBX 9.38 ($0.12) per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a dividend yield of 1.18%. Aggreko’s dividend payout ratio (DPR) is 0.56%.
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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