Aggreko (AGK) Price Target Cut to GBX 750

Aggreko (LON:AGK) had its target price reduced by stock analysts at Peel Hunt from GBX 800 ($10.85) to GBX 750 ($10.17) in a note issued to investors on Tuesday. The brokerage currently has a “reduce” rating on the stock. Peel Hunt’s price objective would suggest a potential downside of 7.18% from the company’s previous close.

AGK has been the topic of several other research reports. Deutsche Bank boosted their price objective on Aggreko from GBX 945 ($12.82) to GBX 965 ($13.09) and gave the stock a “hold” rating in a report on Monday, November 20th. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 750 ($10.17) target price on shares of Aggreko in a research note on Wednesday, January 3rd. Berenberg Bank cut Aggreko to a “sell” rating and lowered their target price for the company from GBX 800 ($10.85) to GBX 770 ($10.44) in a research note on Monday, October 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 867 ($11.76) target price on shares of Aggreko in a research note on Wednesday, November 22nd. Finally, Barclays lowered their target price on Aggreko from GBX 1,030 ($13.97) to GBX 955 ($12.95) and set an “overweight” rating on the stock in a research note on Wednesday, November 22nd. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 878.36 ($11.91).

Shares of Aggreko (LON:AGK) opened at GBX 808 ($10.96) on Tuesday. The stock has a market capitalization of $2,080.00 and a PE ratio of 1,719.15. Aggreko has a twelve month low of GBX 752.50 ($10.20) and a twelve month high of GBX 1,070.36 ($14.52).

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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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