National Bankshares Has Lowered Expectations for Polaris Renewable Energy (TSE:PIF) Stock Price

Polaris Renewable Energy (TSE:PIF) had its target price dropped by investment analysts at National Bankshares from C$23.00 to C$22.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 74.05% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Cormark raised their price target on Polaris Renewable Energy from C$23.50 to C$25.00 in a research note on Thursday, January 30th. Raymond James boosted their price objective on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 1st.

Polaris Renewable Energy Stock Performance

PIF traded down C$0.02 during trading hours on Tuesday, hitting C$12.64. 26,097 shares of the stock were exchanged, compared to its average volume of 33,187. Polaris Renewable Energy has a 12 month low of C$11.08 and a 12 month high of C$13.85. The company has a debt-to-equity ratio of 62.63, a current ratio of 1.86 and a quick ratio of 1.64. The stock has a 50-day simple moving average of C$13.07 and a 200-day simple moving average of C$12.62. The stock has a market cap of C$266.45 million, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97.

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.