Aggreko PLC (ARGKF) Lifted to “Buy” at Zacks Investment Research

Aggreko PLC (NASDAQ:ARGKF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm currently has a $14.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 14.57% from the stock’s previous close.

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. “

Aggreko PLC (NASDAQ ARGKF) traded up 0.9542% on Tuesday, hitting $12.3366. The stock had a trading volume of 321 shares. The company’s 50-day moving average price is $11.31 and its 200 day moving average price is $11.37. The firm has a market cap of $3.13 billion and a price-to-earnings ratio of 20.3574. Aggreko PLC has a one year low of $9.45 and a one year high of $13.46.

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About Aggreko PLC

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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