Royal Bank of Canada Reaffirms “Outperform” Rating for Aggreko (LON:AGK)

Royal Bank of Canada restated their outperform rating on shares of Aggreko (LON:AGK) in a research note issued to investors on Tuesday, Digital Look reports. The firm currently has a GBX 1,000 ($13.07) price target on the stock.

AGK has been the topic of a number of other reports. Barclays raised their price objective on shares of Aggreko from GBX 760 ($9.93) to GBX 820 ($10.71) and gave the company an equal weight rating in a report on Tuesday, August 6th. Peel Hunt restated a reduce rating on shares of Aggreko in a report on Monday, July 29th. Finally, UBS Group restated a sell rating on shares of Aggreko in a report on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of GBX 855 ($11.17).

Aggreko stock opened at GBX 790.60 ($10.33) on Tuesday. Aggreko has a 52-week low of GBX 690.40 ($9.02) and a 52-week high of GBX 891.20 ($11.65). The company’s 50 day moving average is GBX 805.78 and its two-hundred day moving average is GBX 788.84. The firm has a market cap of $2.02 billion and a PE ratio of 16.37. 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 also recently disclosed a dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, September 5th will be issued a GBX 9.38 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a dividend yield of 1.18%. Aggreko’s payout ratio is 0.56%.

In other news, insider Peter Kennerley sold 10,210 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of GBX 782 ($10.22), for a total value of £79,842.20 ($104,327.98). Also, insider Chris Weston acquired 1,763 shares of Aggreko stock in a transaction dated Friday, May 24th. The stock was purchased at an average price of GBX 810 ($10.58) per share, for a total transaction of £14,280.30 ($18,659.74).

About Aggreko

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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Analyst Recommendations for Aggreko (LON:AGK)

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