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Home / Support and Resistance / Aggreko (AGK.L) 29-01-20

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

Aggreko (AGK.L) 29-01-20

Will Aggreko (AGK.L) shares break below the 794p support, or return to highs of 869p (+9%)?

 

  • Currently close to the 794p support at 797p (at time of writing).
  • This has been identified for ostensibly strong support level. Traders should consider whether they think it will hold up again.
  • Will the price bounce again to recent highs at 869p? (+9%).
  • Technical traders should consider potential news and developments. Check our website and the press for updates in future.
  • Shares -8% from 12-month highs; +15% from 12 month lows.

Latest News

27 Jan:  Berenberg reiterates its sell rating on Aggreko (AGK) and increased the target price to 650p (from 600p).

08 Jan:  UBS reiterates its sell rating on Aggreko (AGK) and increased the target price to 700p (from 640p).

25 Nov:  RBC Capital Markets reiterates its outperform rating on Aggreko (AGK) and reduced the target price to 960p (from 1000p).

12 Nov:  Aggreko announced that revenues fell 8% within the first 3 quarters to the end of September, as softness in its power utility business unit affected trading.

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 within the firm on the 1st October 2019 at a price of 829.80p. This Director currently has 14,114 shares.

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

 

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