Polaris Renewable Energy (TSE:PIF) Given New C$25.00 Price Target at Cormark

Polaris Renewable Energy (TSE:PIF - Free Report) had its price target raised by Cormark from C$23.50 to C$25.00 in a report released on Thursday,BayStreet.CA reports.

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

Polaris Renewable Energy Stock Down 2.3 %

Shares of PIF stock traded down C$0.30 during trading hours on Thursday, hitting C$12.54. 25,715 shares of the company were exchanged, compared to its average volume of 34,503. The stock has a market capitalization of C$264.34 million, a price-to-earnings ratio of 25.08, a P/E/G ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a one year low of C$11.08 and a one year high of C$13.85. The business's 50-day simple moving average is C$13.11 and its two-hundred day simple moving average is 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 (TSE:PIF - Get Free Report) 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. Sell-side analysts predict that Polaris Renewable Energy will post 0.6481187 EPS for the current fiscal year.

Insider Buying and Selling at Polaris Renewable Energy

In other news, Director Marc Murnaghan purchased 41,500 shares of Polaris Renewable Energy stock in a transaction dated Wednesday, November 6th. The stock was bought at an average price of C$12.49 per share, with a total value of C$518,413.85. 2.94% of the stock is currently owned by insiders.

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.