Polaris Renewable Energy (TSE:PIF) Price Target Raised to C$25.00

Polaris Renewable Energy (TSE:PIFFree Report) had its price target lifted by Cormark from C$23.50 to C$25.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Separately, Raymond James boosted their price objective on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 1st.

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Polaris Renewable Energy Price Performance

PIF stock opened at C$12.84 on Thursday. The firm has a 50 day moving average of C$13.11 and a 200-day moving average of C$12.63. The company has a market cap of C$270.67 million, a price-to-earnings ratio of 25.68, a PEG ratio of 3.28 and a beta of 0.97. The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63. Polaris Renewable Energy has a 12-month low of C$11.08 and a 12-month high of C$14.14.

Polaris Renewable Energy (TSE:PIFGet Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.05). Polaris Renewable Energy had a return on equity of 2.88% and a net margin of 10.08%. During the same period last year, the firm earned $0.07 EPS. As a group, equities analysts expect that Polaris Renewable Energy will post 0.6481187 EPS for the current fiscal year.

Insider Activity at Polaris Renewable Energy

In other news, Director Marc Murnaghan bought 41,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average price of C$12.49 per share, with a total value of C$518,413.85. 2.94% of the stock is owned by corporate insiders.

Polaris Renewable Energy Company Profile

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Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.

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