Pi Financial Research Analysts Decrease Earnings Estimates for UGE International Ltd. (CVE:UGE)

UGE International Ltd. (CVE:UGE) – Pi Financial lowered their FY2021 EPS estimates for UGE International in a note issued to investors on Monday, May 10th. Pi Financial analyst D. Schilling now anticipates that the company will post earnings per share of ($0.05) for the year, down from their prior forecast of ($0.03). Pi Financial currently has a “Buy” rating and a $5.25 target price on the stock. Pi Financial also issued estimates for UGE International’s FY2022 earnings at ($0.01) EPS and FY2023 earnings at $0.04 EPS.

Separately, Eight Capital set a C$3.00 target price on shares of UGE International and gave the company a “buy” rating in a research report on Tuesday, April 6th.

UGE opened at C$1.73 on Thursday. UGE International has a fifty-two week low of C$0.22 and a fifty-two week high of C$3.24. The company has a fifty day moving average of C$1.88 and a two-hundred day moving average of C$2.07. The stock has a market capitalization of C$52.48 million and a price-to-earnings ratio of -22.12.

UGE International Company Profile

UGE International Ltd., a solar and renewable energy solutions company, provides commercial and community solar energy solutions to commercial and industrial clients in Canada, the United States, and the Philippines. It develops, engineers, deploys, and finances solar projects, as well as provides engineering, procurement, construction, and consulting services.

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