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Home / Ranges / Aggreko (AGK.L) 14-11-19

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

Aggreko (AGK.L) 14-11-19

Aggreko (AGK.L): Currently in a trading range, will it continue within the current range and return to highs of 855p? (+7%)

 

  • Currently trading around the 780p support at 794.4p (at time of writing).
  • The range has been reliable up to now. Will it continue?
  • Will the price continue in this range, returning to recent highs of 855p? (+7%).
  • Technical traders should be mindful of news and developments.
  • Shares -7% from 12-month highs; +14% from 12 month lows.

Latest News

12 Nov:  Aggreko announced that revenues declined 8% in the nine months trading period to September. Softer trading in its power solutions utility business unit adversely affected performance.

05 Nov:  Credit Suisse has upgraded its rating on Aggreko (AGK) to outperform (from neutral) and increased the target price to 905p (from 750p).

04 Oct:  Berenberg reiterates its sell rating on Aggreko (AGK) and reduced the target price to 600p (from 770p).

03 Oct:  Peter Kennerley, Executive Director, bought 41 shares in the firm on the 1st October 2019 at a price of 829.80p. This Director currently has 14,114 shares.

06 Aug:  Barclays Capital reiterates its equal weight rating on Aggreko (AGK) and increased the target price to 820p (from 760p).

30 Jul:  Aggrekoannounced a small boost in profits, despite a revenue decline due to poorer performance in its power solutions utility business unit.

10 Jul:  UBS reiterates its sell rating on Aggreko (AGK) and increased the target price to 640p (from 610p).

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

 

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