UBS Group Reaffirms Sell Rating for Aggreko (LON:AGK)

UBS Group reiterated their sell rating on shares of Aggreko (LON:AGK) in a report released on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other research analysts also recently commented on AGK. HSBC reaffirmed a buy rating and set a GBX 1,050 ($13.81) price objective on shares of Aggreko in a research report on Monday, January 13th. Peel Hunt reaffirmed a reduce rating on shares of Aggreko in a research report on Monday. Royal Bank of Canada lowered their price objective on shares of Aggreko from GBX 1,000 ($13.15) to GBX 960 ($12.63) and set an outperform rating on the stock in a research report on Monday, November 25th. Barclays lowered their price objective on shares of Aggreko from GBX 820 ($10.79) to GBX 780 ($10.26) and set an equal weight rating on the stock in a research report on Thursday, March 5th. Finally, Berenberg Bank boosted their price objective on shares of Aggreko from GBX 600 ($7.89) to GBX 650 ($8.55) and gave the company a sell rating in a research report on Monday, January 27th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Aggreko presently has an average rating of Hold and a consensus price target of GBX 846.67 ($11.14).

Shares of AGK opened at GBX 497.50 ($6.54) on Tuesday. The company’s 50 day moving average price is GBX 625.97 and its 200 day moving average price is GBX 770.88. Aggreko has a 52 week low of GBX 285.90 ($3.76) and a 52 week high of GBX 881 ($11.59). The company has a market capitalization of $1.20 billion and a PE ratio of 9.81. The company has a debt-to-equity ratio of 49.37, a quick ratio of 1.37 and a current ratio of 1.92.

The firm also recently announced a dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, April 23rd will be given a GBX 18.27 ($0.24) dividend. This represents a yield of 2.58%. This is an increase from Aggreko’s previous dividend of $9.38. The ex-dividend date of this dividend is Thursday, April 23rd. Aggreko’s payout ratio is currently 0.55%.

In other Aggreko news, insider Sarah Kuijlaars bought 3,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was bought at an average cost of GBX 511 ($6.72) per share, with a total value of £15,330 ($20,165.75).

Aggreko Company Profile

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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