Greencoat UK Wind (LON:UKW) Sets New 12-Month High – Should You Buy?

Greencoat UK Wind PLC (LON:UKW) hit a new 52-week high on Tuesday. The stock traded as high as GBX 120.50 and last traded at GBX 120.40, with a volume of 1,120,460 shares trading hands. The stock had previously closed at GBX 119.40.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UKW. Jefferies Financial Group reissued a “buy” rating on shares of Greencoat UK Wind in a report on Thursday, October 29th. Berenberg Bank restated a “buy” rating on shares of Greencoat UK Wind in a report on Thursday, October 29th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Greencoat UK Wind Trading Up 0.9%

The company has a debt-to-equity ratio of 58.38, a quick ratio of 14.31 and a current ratio of 0.59. The firm has a market capitalization of £2.60 billion, a P/E ratio of 293.82 and a beta of 0.35. The firm has a 50 day simple moving average of GBX 113.11 and a two-hundred day simple moving average of GBX 104.25.

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.