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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Aggreko plc    AGK   GB00BK1PTB77


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

European shares reverse early losses, DAX immune to political worries

11/21/2017 | 12:19pm EST
The German share price index, DAX board, is seen at the stock exchange in Frankfurt

LONDON (Reuters) - European shares quickly recovered from a weaker open on Tuesday as continued faith in the underlying strength of the European economy and a synchronised global expansion overcame negative trading updates, notably in Britain.

The STOXX 600 <.STOXX> benchmark ended up 0.4 percent with most European bourses and sectors in positive territory.

Germany's DAX <.GDAXI> rose 0.8 percent after Chancellor Angela Merkel said she would prefer a new election to minority rule after the failure of talks to form a three-way coalition.

"Financial markets did not really react too much", said Paul Donovan, chief economist at UBS Wealth Management, adding that a snap election was not the most likely option because it would be a lengthy process.

Two veteran allies of Merkel appealed to Germany's parties on Tuesday to strike compromise to form a stable government that could drag Europe's biggest economy out of a political impasse. [nL8N1NR2MR+

Volkswagen (>> Volkswagen) was among Germany's top gainers for a second day. The carmaker extended gains made after raising its mid-term outlook on Monday, rising 3 percent.

ProSiebenSat.1 (>> Prosiebensat 1 Media SE) rose 1.5 percent after JP Morgan lifted its target price to 45 euros amid continuing speculation that the German broadcaster could become an acquisition target.

Energy group Uniper (>> Uniper SE) (>> Volkswagen), meanwhile, ended flat after saying it rejected an 8.05 billion euro (£7.1 billion) bid from Finland's Fortum (>> Fortum Oyj). Uniper said the offer significantly undervalued the company.

On the UK market, a number of trading updates triggered sharp falls.

Aggreko (>> Aggreko plc), the world's largest listed temporary power provider, slumped 11 percent as the lingering effect of discounts made to win a contract in Argentina this year clouded third-quarter results.

Melrose (>> Melrose Industries) fell 5 percent after reporting difficult market conditions for its Brush business, which manufactures electricity generating equipment.

Other UK companies hit by results announcements included Mediclinic (>> Mediclinic International), down 5.8 percent, with Intertek (>> Intertek Group) falling 4.2 percent, Compass (>> Compass Group plc) 3.3 percent and Johnson Matthey (>> Johnson Matthey PLC) 3.4 percent.

Kingfisher (>> Kingfisher), Europe's largest home improvement retailer, fell as much as 1.8 percent after reporting a small fall in underlying sales, citing weak performance in France. The stock reversed losses to end up more than 1 percent.

EasyJet (>> EasyJet) was a top performer with a 5.1 percent gain after it said it was benefiting from the collapse of rivals and from problems at Ryanair (>> Ryanair Holdings plc).

Altice (>> Altice) shares fell 2.7 percent after Bank of America Merrill Lynch cut its rating on the telecoms and cable group to "neutral" from "buy", with the investment bank citing the impact of lower expectations for the company's French business.

(Reporting by Julien Ponthus and Danilo Masoni; Editing by Georgina Prodhan/Jeremy Gaunt)

By Julien Ponthus

© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
AGGREKO PLC -3.33% 638 Delayed Quote.5.43%
ALTICE EUROPE N.V. 0.04% 5.336 Real-time Quote.0.11%
BANK OF AMERICA CORPORATION -2.88% 33.01 Delayed Quote.10.39%
COMPASS GROUP PLC -1.89% 1401 Delayed Quote.4.77%
DAX -1.44% 13787.73 Delayed Quote.1.97%
E.ON SE -0.99% 8.806 Delayed Quote.-1.88%
EASYJET PLC 0.90% 832 Delayed Quote.-0.92%
EURO / ARGENTINE PESO (EUR/ARS) -0.55% 103.5319 Delayed Quote.1.26%
FORTUM OYJ -2.36% 21.12 Delayed Quote.9.80%
INTERTEK GROUP PLC -0.46% 5574 Delayed Quote.-0.85%
JOHNSON & JOHNSON -0.22% 160.3 Delayed Quote.2.08%
JOHNSON MATTHEY PLC -1.40% 2748 Delayed Quote.14.06%
JUST GROUP PLC -3.16% 80 Delayed Quote.18.53%
KINGFISHER PLC -3.65% 269.4 Delayed Quote.3.55%
LETS HOLDINGS GROUP CO., LTD. 1.58% 7.72 End-of-day quote.-0.77%
LOOK HOLDINGS INCORPORATED -1.07% 921 End-of-day quote.-3.76%
MEDICLINIC INTERNATIONAL PLC -0.54% 292.6 Delayed Quote.4.33%
MELROSE INDUSTRIES PLC -1.91% 181.95 Delayed Quote.4.16%
NEXT PLC 0.73% 8018 Delayed Quote.12.39%
PROSIEBENSAT.1 MEDIA SE -0.85% 13.39 Delayed Quote.-1.82%
RYANAIR HOLDINGS PLC 0.25% 15.8 Real-time Quote.-3.05%
SNAP INC. 2.61% 50.31 Delayed Quote.-2.08%
STOXX EUROPE 600 -1.01% 407.85 Delayed Quote.3.25%
UNIPER SE -3.73% 29.98 Delayed Quote.10.27%
VOLKSWAGEN AG -0.07% 151.88 Delayed Quote.-0.29%
WORLD CO., LTD. -1.33% 1258 End-of-day quote.0.40%
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Sales 2020 1 367 M 1 857 M 1 857 M
Net income 2020 -66,7 M -90,6 M -90,6 M
Net Debt 2020 457 M 621 M 621 M
P/E ratio 2020 -40,5x
Yield 2020 2,05%
Capitalization 1 624 M 2 207 M 2 207 M
EV / Sales 2020 1,52x
EV / Sales 2021 1,28x
Nbr of Employees 6 000
Free-Float 92,4%
Duration : Period :
Aggreko plc Technical Analysis Chart | AGK | GB00BK1PTB77 | MarketScreener
Technical analysis trends AGGREKO PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 13
Average target price 560,85 GBX
Last Close Price 660,00 GBX
Spread / Highest target 22,7%
Spread / Average Target -15,0%
Spread / Lowest Target -50,8%
EPS Revisions
Managers and Directors
Chris Weston Chief Executive Officer & Executive Director
Kenneth George Hanna Chairman
Heath Stewart Drewett Chief Financial Officer & Executive Director
Dan Ibbetson Managing Director-Global Products & Technology
Grant Nairn Group Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
AGGREKO PLC5.43%2 300
UNITED RENTALS12.27%18 782
LG CORP.21.14%17 272
EDENRED0.84%13 973