Aggreko PLC (ARGKF) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research cut shares of Aggreko PLC (OTCMKTS:ARGKF) from a buy rating to a hold rating in a research report sent to investors on Monday morning.
According to Zacks, “Aggreko plc provides rental solutions to energy sector primarily of power generation and temperature control equipments. Its power generation rental solutions include generators, gas generators, transformers, load banks, fuel tanks, and electrical distribution equipment, as well as power accessories. Temperature control equipments include: chillers, cooling towers, air conditioners, spot coolers, air handlers, heaters, heat exchangers, and temperature accessories. The Company also provides dehumidifiers; and oil-free air solutions, including air compressor, air dryer, after coolers, and air accessories, as well as offers risk management solutions. Cooling equipments include supplemental cooling, thermal discharge cooling, cooling tower repair, contingency plan, emergency cooling, and cooling tower accessories. The Company also offers event services and process services. Aggreko plc is headquartered in Glasgow, the United Kingdom. “
ARGKF has been the topic of a number of other research reports. ValuEngine raised shares of Aggreko from a hold rating to a buy rating in a report on Monday, October 23rd. Jefferies Group LLC raised shares of Aggreko from a hold rating to a buy rating in a report on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $14.00.
Shares of Aggreko (ARGKF) opened at $11.38 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. Aggreko has a fifty-two week low of $9.63 and a fifty-two week high of $13.46.
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Aggreko Company Profile
Aggreko plc is a United Kingdom-based company, which is a provider of modular, mobile power and related solutions. The Company’s segments include Power Solutions and Rental Solutions. The Power Solutions segment provides solutions for power requirements. The Power Solutions segment has two businesses: utility and industrial.
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