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Aggreko plc Price Target Cut to GBX 2,000 by Analysts at Citigroup Inc. (AGK)

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Aggreko plc logoResearch analysts at Citigroup Inc. lowered their target price on shares of Aggreko plc (LON:AGK) from GBX 2,100 ($33.34) to GBX 2,000 ($31.76) in a report released on Monday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective suggests a potential upside of 23.76% from the company’s current price.

A number of other analysts have also recently weighed in on AGK. Analysts at Deutsche Bank cut their price target on shares of Aggreko plc (LON:AGK) from GBX 2,100 ($33.34) to GBX 1,870 ($29.69) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of Aggreko plc (LON:AGK) in a research note to investors on Wednesday, August 28th. Finally, analysts at RBC Capital cut their price target on shares of Aggreko plc (LON:AGK) from GBX 1,850 ($29.37) to GBX 1,680 ($26.68) in a research note to investors on Thursday, August 22nd. They now have a “sector performer” rating on the stock.

Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 2,033.96 ($32.30).

Shares of Aggreko plc (LON:AGK) opened at 1634.00 on Monday. Aggreko plc has a 1-year low of GBX 1548.00 and a 1-year high of GBX 2415.00. The stock has a 50-day moving average of GBX 1655. and a 200-day moving average of GBX 1737.. The company’s market cap is £4.363 billion.

Aggreko plc (LON:AGK) provides power and temperature control solutions to customers who need them either very quickly, or for a short or indeterminate length of time.


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