Polaris Renewable Energy (TSE:PIF) Upgraded by Raymond James to Strong-Buy Rating

Raymond James upgraded shares of Polaris Renewable Energy (TSE:PIF) to a strong-buy rating in a research report sent to investors on Friday,Zacks.com reports.

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

Polaris Renewable Energy Trading Down 1.4 %

PIF stock opened at C$11.85 on Friday. The company has a market cap of C$176.11 million, a P/E ratio of 24.55, a PEG ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a twelve month low of C$11.08 and a twelve month high of C$13.85. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 57.48. The business has a fifty day moving average of C$12.93 and a 200-day moving average of C$12.59.

Polaris Renewable Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 28th will be paid a $0.15 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 5.06%. Polaris Renewable Energy’s payout ratio is 169.88%.

Insider Buying and Selling at Polaris Renewable Energy

In other news, Director Marc Murnaghan sold 2,301 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of C$12.52, for a total transaction of C$28,808.52. Insiders own 2.94% of the company’s stock.

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.