Polaris Renewable Energy (TSE:PIF) Price Target Cut to C$22.00 by Analysts at National Bankshares

Polaris Renewable Energy (TSE:PIF) had its target price decreased by National Bankshares from C$23.00 to C$22.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other analysts have also weighed in on PIF. Raymond James raised their target price 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 report on Friday, November 1st. Cormark raised their target price on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a research report on Thursday, January 30th.

Polaris Renewable Energy Stock Performance

Shares of Polaris Renewable Energy stock opened at C$12.67 on Tuesday. Polaris Renewable Energy has a fifty-two week low of C$11.08 and a fifty-two week 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 firm has a market capitalization of C$188.30 million, a P/E ratio of 26.25, a P/E/G ratio of 3.28 and a beta of 0.97. The company’s 50 day moving average price is C$13.04 and its two-hundred day moving average price is C$12.62.

Polaris Renewable Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Friday, February 14th. Polaris Renewable Energy’s payout ratio is currently 169.88%.

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.