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

Polaris Renewable Energy (TSE:PIF) had its price objective hoisted by analysts at Cormark from C$23.50 to C$25.00 in a research note issued on Thursday,BayStreet.CA reports. Cormark’s price target suggests a potential upside of 94.70% from the stock’s current price.

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

Polaris Renewable Energy Price Performance

PIF opened at C$12.84 on Thursday. The company has a market capitalization of C$270.67 million, a P/E ratio of 25.68, a PEG ratio of 3.28 and a beta of 0.97. The company has a 50-day moving average of C$13.11 and a 200-day moving average of C$12.63. The company has a debt-to-equity ratio of 62.63, a quick ratio of 1.64 and a current ratio of 1.86. Polaris Renewable Energy has a 1-year low of C$11.08 and a 1-year high of C$14.14.

Polaris Renewable Energy (TSE:PIF) last released its earnings results on Thursday, October 31st. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates 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 in the prior year, the company posted $0.07 EPS. Equities analysts expect that Polaris Renewable Energy will post 0.6481187 EPS for the current fiscal year.

Insider Transactions at Polaris Renewable Energy

In other Polaris Renewable Energy news, Director Marc Murnaghan purchased 41,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were purchased at an average cost of C$12.49 per share, for a total transaction of C$518,413.85. Company insiders own 2.94% of the company’s stock.

About Polaris Renewable Energy

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.