Aggreko (LON:AGK) Earns Sell Rating from Panmure Gordon

Aggreko (LON:AGK)‘s stock had its “sell” rating reissued by equities researchers at Panmure Gordon in a report released on Tuesday, November 21st. They presently have a GBX 715 ($9.62) target price on the stock. Panmure Gordon’s price target suggests a potential downside of 9.21% from the stock’s current price.

Several other research firms also recently issued reports on AGK. J P Morgan Chase & Co cut their price target on Aggreko from GBX 881 ($11.86) to GBX 867 ($11.67) and set a “neutral” rating for the company in a research note on Thursday, August 3rd. Peel Hunt reissued a “reduce” rating and issued a GBX 800 ($10.77) target price on shares of Aggreko in a research note on Wednesday, August 2nd. Jefferies Group raised shares of Aggreko to a “buy” rating and boosted their target price for the company from GBX 850 ($11.44) to GBX 1,250 ($16.82) in a research note on Monday, November 13th. Berenberg Bank downgraded shares of Aggreko to a “sell” rating and cut their target price for the company from GBX 800 ($10.77) to GBX 770 ($10.36) in a research note on Monday, October 2nd. Finally, Deutsche Bank upped their price objective on shares of Aggreko from GBX 945 ($12.72) to GBX 965 ($12.99) and gave the company a “hold” rating in a research note on Monday, November 20th. Six research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 882.91 ($11.88).

Shares of Aggreko (AGK) traded down GBX 29 ($0.39) during midday trading on Tuesday, hitting GBX 787.50 ($10.60). 1,196,002 shares of the company’s stock traded hands, compared to its average volume of 905,173. Aggreko has a 52 week low of GBX 790.50 ($10.64) and a 52 week high of GBX 1,070.36 ($14.41).

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About Aggreko

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.

Analyst Recommendations for Aggreko (LON:AGK)

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