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Home / Support and Resistance / Aggreko (AGK.L) 17-10-19

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

Aggreko (AGK.L) 17-10-19

Will Aggreko (AGK.L) shares break below the 780p support zone, or will it return to highs of 852p (+8%)?

 

  • Currently trading around the 780p support at 784p (at time of writing).
  • The support has proven robust to date. Will the pattern repeat?
  • The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
  • Will the share price bounce once again to recent highs of 852p? (+8%).
  • Technical traders should be mindful of news and developments. Check our website and the press for updates.
  • Shares -8% from 12-month highs; +13% from 12 month lows.

Latest News

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:  Aggreko reported a small rise in profits as a decline in revenue due weakness in its power solutions utility business unit weighed on performance.

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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