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

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

Several other analysts have also recently weighed in on PIF. National Bankshares dropped their price target on Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Cormark boosted their price objective on Polaris Renewable Energy from C$23.50 to C$25.00 in a research report on Thursday, January 30th.

Polaris Renewable Energy Stock Down 1.4 %

TSE:PIF opened at C$11.85 on Friday. The stock has a 50-day simple moving average of C$12.93 and a 200 day simple moving average of C$12.59. Polaris Renewable Energy has a 52-week low of C$11.08 and a 52-week high of C$13.85. The company has a debt-to-equity ratio of 57.48, a quick ratio of 1.64 and a current ratio of 1.82. The company has a market cap of C$176.11 million, a PE ratio of 24.55, a PEG ratio of 3.28 and a beta of 0.97.

Insider Activity

In other Polaris Renewable Energy 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. 2.94% of the stock is currently owned by corporate insiders.

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.