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

Polaris Renewable Energy (TSE:PIF) had its price objective reduced by equities research analysts at National Bankshares from C$23.00 to C$22.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 72.82% from the stock’s previous close.

PIF has been the subject of several other reports. Raymond James upped their price objective on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a “strong-buy” rating in a research note on Friday, November 1st. Cormark upped their price target on Polaris Renewable Energy from C$23.50 to C$25.00 in a research report on Thursday, January 30th.

Polaris Renewable Energy Price Performance

Shares of TSE:PIF opened at C$12.73 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 1.86 and a debt-to-equity ratio of 62.63. The stock has a market cap of C$268.35 million, a PE ratio of 25.46, a PEG ratio of 3.28 and a beta of 0.97. The company’s fifty day moving average is C$13.05 and its 200 day moving average is C$12.62. Polaris Renewable Energy has a 52 week low of C$11.08 and a 52 week high of C$13.85.

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.