Raymond James Upgrades Polaris Renewable Energy (TSE:PIF) to “Strong-Buy”

Polaris Renewable Energy (TSE:PIF) was upgraded by equities research analysts at Raymond James to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

A number of other research firms also recently commented on PIF. National Bankshares dropped their price objective on shares of Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Cormark upped their price target on Polaris Renewable Energy from C$23.50 to C$25.00 in a research report on Thursday, January 30th.

Polaris Renewable Energy Trading Down 1.4 %

Shares of PIF stock opened at C$11.85 on Friday. The firm has a 50-day moving average price of C$12.93 and a 200 day moving average price of C$12.59. Polaris Renewable Energy has a twelve month low of C$11.08 and a twelve month high of C$13.85. The company has a market capitalization of C$176.11 million, a price-to-earnings ratio of 24.55, a PEG ratio of 3.28 and a beta of 0.97. The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 57.48.

Insiders Place Their Bets

In other news, Director Marc Murnaghan sold 2,301 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of C$12.52, for a total transaction of C$28,808.52. Company insiders own 2.94% of the company’s stock.

Polaris Renewable Energy Company Profile

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.