Aggreko (LON:AGK) Share Price Passes Above 200-Day Moving Average of $788.90

Aggreko plc (LON:AGK)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $788.90 and traded as high as $801.20. Aggreko shares last traded at $778.40, with a volume of 431,387 shares traded.

A number of research analysts recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a GBX 1,000 ($13.07) price target on shares of Aggreko in a research note on Tuesday, August 13th. Peel Hunt restated a “reduce” rating on shares of Aggreko in a research note on Monday, July 29th. UBS Group restated a “sell” rating on shares of Aggreko in a research note on Monday, July 29th. Finally, Barclays raised their price target on Aggreko from GBX 760 ($9.93) to GBX 820 ($10.71) and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 822.50 ($10.75).

The business has a 50 day moving average of GBX 805.19 and a 200-day moving average of GBX 789.76. The stock has a market cap of $2.03 billion and a PE ratio of 16.31. The company has a current ratio of 1.94, a quick ratio of 1.39 and a debt-to-equity ratio of 62.68.

The company also recently declared a dividend, which will be paid on Tuesday, October 1st. Investors of record on Thursday, September 5th will be paid a dividend of GBX 9.38 ($0.12) per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a yield of 1.18%. Aggreko’s dividend payout ratio is presently 0.56%.

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

Aggreko Company Profile (LON:AGK)

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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