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

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

Other equities research analysts have also issued reports about the company. Cormark upped their price objective on Polaris Renewable Energy from C$23.50 to C$25.00 in a research note on Thursday, January 30th. National Bankshares lowered their price target on Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th.

Polaris Renewable Energy Stock Down 1.4 %

Shares of PIF stock opened at C$11.85 on Friday. Polaris Renewable Energy has a one year low of C$11.08 and a one year high of C$13.85. The company has a debt-to-equity ratio of 57.48, a current ratio of 1.82 and a quick ratio of 1.64. The stock has a fifty day moving average price of C$12.93 and a 200 day moving average price of C$12.59. The stock has a market cap of C$176.11 million, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97.

Insider Transactions at Polaris Renewable Energy

In other news, Director Marc Murnaghan sold 2,301 shares of the stock in a transaction 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.

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.