Aggreko (LON:AGK) Shares Pass Above Two Hundred Day Moving Average of $795.36

Aggreko plc (LON:AGK) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $795.36 and traded as high as $829.20. Aggreko shares last traded at $820.60, with a volume of 651,569 shares trading hands.

A number of equities analysts have recently weighed in on the company. Barclays boosted 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 report on Tuesday, August 6th. Peel Hunt reaffirmed a “reduce” rating on shares of Aggreko in a research note on Monday, July 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 1,000 ($13.07) price objective on shares of Aggreko in a research note on Tuesday, August 13th. Finally, UBS Group restated a “sell” rating on shares of Aggreko in a report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 822.50 ($10.75).

The company has a debt-to-equity ratio of 62.68, a current ratio of 1.94 and a quick ratio of 1.39. The company has a fifty day moving average price of GBX 798.07 and a two-hundred day moving average price of GBX 795.36. The firm has a market cap of $2.10 billion and a price-to-earnings ratio of 16.99.

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

In other news, insider Peter Kennerley sold 10,210 shares of the company’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).

About Aggreko (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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