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Home / Momentum / Aggreko (AGK.L) 02-04-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Aggreko (AGK.L) 02-04-20

Will shares in Aggreko (AGK.L) continue to rally, setting new recent highs?

  • Now trading at 479.2p (at time of writing), the price performance has been very strong.
  • Will it come to an end, or is this trend your friend?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Shares -44% from 12-month highs; +52% from 12 month lows.

Latest News

30 Mar:  Berenberg reiterates its sell rating on Aggreko (AGK) and reduced the target price to 350p (from 650p).

26 Mar:  Chris Weston, Chief Executive Officer, has transferred in 6,863 shares within the firm on the 24th March 2020. This Director currently has 96,466 shares.

26 Mar:  Chris Weston, Chief Executive Officer, sold 3,231 shares within the firm on the 25th March 2020 at a price of 434p. This Director currently has 89,603 shares.

24 Mar:  Aggreko, the power supplier, announced it would begin talks on the outcome of a $250m contract for the Tokyo Olympics. The event has been postponed until next year.

23 Mar:   Aggreko cancelled its dividend and withdrew guidance after fears that further containment steps by governments globally with further impact its business.

05 Mar:  Barclays Capital reiterates its equal weight rating on Aggreko (AGK) and reduced the target price to 780p (from 820p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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