What Will Happen to Aggreko plc Next? The Stock Just Reaches 52-Week Low

 What Will Happen to Aggreko plc Next? The Stock Just Reaches 52 Week Low

The stock of Aggreko plc (LON:AGK) hit a new 52-week low and has GBX 732.51 target or 7.00% below today’s GBX 787.65 share price. The 7 months bearish chart indicates high risk for the GBX 2.02B company. The 1-year low was reported on Nov, 3 by Barchart.com. If the GBX 732.51 price target is reached, the company will be worth GBX 141.40M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 2.89% or GBX 22.15 on November 3, hitting GBX 787.65. About 2.20 million shares traded hands or 81.82% up from the average. Aggreko plc (LON:AGK) has declined 24.76% since April 6, 2016 and is downtrending. It has underperformed by 25.98% the S&P500.

Aggreko plc (LON:AGK) Ratings Coverage

Out of 18 analysts covering Aggreko PLC (LON:AGK), 1 rate it a “Buy”, 9 “Sell”, while 8 “Hold”. This means 6% are positive. Aggreko PLC has been the topic of 97 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Credit Suisse on Monday, July 27 with “Underperform”. The stock of Aggreko plc (LON:AGK) earned “Hold” rating by Deutsche Bank on Friday, March 4. The rating was maintained by Morgan Stanley with “Underwt/In-Line” on Monday, November 9. The stock of Aggreko plc (LON:AGK) earned “Neutral” rating by Citigroup on Wednesday, August 5. On Tuesday, September 22 the stock rating was maintained by UBS with “Neutral”. The stock of Aggreko plc (LON:AGK) has “Neutral” rating given on Monday, July 27 by UBS. As per Monday, July 27, the company rating was maintained by JP Morgan. The firm earned “Underperform” rating on Monday, August 10 by BNP Paribas. JP Morgan maintained Aggreko plc (LON:AGK) rating on Friday, April 29. JP Morgan has “Neutral” rating and GBX 1150 price target. As per Thursday, June 30, the company rating was maintained by RBC Capital Markets.

More news for Aggreko plc (LON:AGK) were recently published by: Fool.Co.Uk, which released: “Aggreko plc Slumps 15%+ After Disastrous Trading Update” on July 24, 2015. Fool.Co.Uk‘s article titled: “Do today’s results make Aggreko plc and Weir Group plc better income stocks …” and published on April 28, 2016 is yet another important article.

Aggreko plc is a United Kingdom-based well-known provider of modular, mobile power and related solutions. The company has a market cap of 2.02 billion GBP. The Company’s divisions include Power Solutions and Rental Solutions. It has a 15.55 P/E ratio. The Power Solutions segment provides solutions for power requirements.

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