Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) had its target price raised by stock analysts at Barclays from $20.00 to $21.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective would suggest a potential upside of 29.55% from the company's current price.
Separately, Roth Mkm reiterated a "buy" rating and set a $20.00 target price on shares of Enlight Renewable Energy in a research note on Wednesday, August 14th.
View Our Latest Report on ENLT
Enlight Renewable Energy Stock Down 1.0 %
NASDAQ ENLT traded down $0.16 during trading hours on Friday, reaching $16.21. 8,114 shares of the company's stock were exchanged, compared to its average volume of 25,990. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.59. Enlight Renewable Energy has a one year low of $14.09 and a one year high of $20.00. The company's 50-day moving average is $15.87 and its two-hundred day moving average is $16.33. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 35.98 and a beta of 1.71.
Hedge Funds Weigh In On Enlight Renewable Energy
Hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. increased its position in Enlight Renewable Energy by 1,181.5% in the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company's stock worth $241,000 after buying an additional 13,150 shares during the last quarter. Susquehanna International Group Ltd. bought a new position in shares of Enlight Renewable Energy in the 2nd quarter worth $253,000. Tidal Investments LLC purchased a new stake in Enlight Renewable Energy during the first quarter valued at about $254,000. Quadrature Capital Ltd purchased a new position in shares of Enlight Renewable Energy during the first quarter worth approximately $377,000. Finally, Barclays PLC lifted its stake in Enlight Renewable Energy by 4,278.2% in the third quarter. Barclays PLC now owns 25,525 shares of the company's stock worth $432,000 after purchasing an additional 24,942 shares during the last quarter. Institutional investors own 38.89% of the company's stock.
About Enlight Renewable Energy
(
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Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.
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