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

Greencoat UK Wind PLC (LON:UKW) shares hit a new 52-week high during trading 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.

Wall Street Analyst Weigh In

A number of analysts recently commented on UKW shares. Berenberg Bank reaffirmed a “buy” rating on shares of Greencoat UK Wind in a research report on Thursday, October 29th. Jefferies Financial Group reiterated 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Greencoat UK Wind Trading Up 0.9%

The firm has a market cap of £2.60 billion, a price-to-earnings ratio of 293.82 and a beta of 0.35. The firm’s 50-day moving average is GBX 113.11 and its 200-day moving average is GBX 104.25. The company has a current ratio of 0.59, a quick ratio of 14.31 and a debt-to-equity ratio of 58.38.

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.