Greencoat UK Wind (LON:UKW) Hits New 1-Year High – Should You Buy?

Greencoat UK Wind PLC (LON:UKW)’s stock price reached a new 52-week high during trading on Monday. The company traded as high as GBX 117.30 and last traded at GBX 117.07, with a volume of 2,335,107 shares traded. The stock had previously closed at GBX 116.10.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “buy” rating on shares of Greencoat UK Wind in a research note on Friday, October 16th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, Greencoat UK Wind presently has an average rating of “Buy”.

Greencoat UK Wind Price Performance

The company has a current ratio of 0.59, a quick ratio of 14.31 and a debt-to-equity ratio of 58.38. The firm’s 50-day moving average price is GBX 112.38 and its 200-day moving average price is GBX 103.82. The stock has a market capitalization of £2.56 billion, a PE ratio of 289.08 and a beta of 0.35.

Greencoat UK Wind (LON:UKW) last released its quarterly earnings results on Thursday, July 30th. The company reported GBX 5.89 EPS for the quarter. Greencoat UK Wind had a return on equity of 0.24% and a net margin of 1.60%. On average, equities analysts forecast that Greencoat UK Wind PLC will post 14.42 EPS for the current fiscal year.

Greencoat UK Wind Company Profile

Greencoat UK Wind PLC specializes in renewables infrastructure investments in energy, wind generation assets and onshore and offshore wind farm projects with a capacity of over 10 megawatt. For offshore wind farms, the fund seeks to invest 40% of the Gross Asset Value at acquisition and where a utility company retains an equity interest for a lock-up period. The fund ensures that the total of short-term acquisition financing and long-term debt is between zero and 40% of Gross Asset Value at any time, with average total debt being between 20% and 30% in the longer term.