Aggreko plc (LON:AGK) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $801.67 and traded as high as $836.60. Aggreko shares last traded at $827.00, with a volume of 334,192 shares changing hands.
A number of research analysts have commented on the stock. Credit Suisse Group raised shares of Aggreko to an “outperform” rating and upped their target price for the company from GBX 750 ($9.80) to GBX 905 ($11.83) in a research report on Tuesday, November 5th. Barclays upped their target price on shares of Aggreko from GBX 760 ($9.93) to GBX 820 ($10.71) and gave the company an “equal weight” rating in a research report on Tuesday, August 6th. Berenberg Bank decreased their target price on shares of Aggreko from GBX 770 ($10.06) to GBX 600 ($7.84) and set a “sell” rating on the stock in a research report on Friday, October 4th. Royal Bank of Canada decreased their target price on shares of Aggreko from GBX 1,000 ($13.07) to GBX 960 ($12.54) and set an “outperform” rating on the stock in a research report on Monday, November 25th. Finally, Peel Hunt reaffirmed a “reduce” rating and issued a GBX 700 ($9.15) target price on shares of Aggreko in a research report on Friday, November 22nd. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Aggreko has an average rating of “Hold” and an average target price of GBX 812.50 ($10.62).
The stock’s 50-day simple moving average is GBX 799.10 and its 200 day simple moving average is GBX 801.67. The company has a quick ratio of 1.39, a current ratio of 1.94 and a debt-to-equity ratio of 62.68. The company has a market cap of $2.13 billion and a price-to-earnings ratio of 17.12.
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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