Greencoat UK Wind PLC (LON:UKW – Get Free Report) reached a new 52-week high on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 123.50 and last traded at GBX 123.36, with a volume of 1,059,792 shares trading hands. The stock had previously closed at GBX 122.40.
Specifically, insider Jim Smith purchased 16,474 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average price of GBX 121 per share, for a total transaction of £19,933.54.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Greencoat UK Wind in a research note on Thursday, October 29th. Berenberg Bank reissued a “buy” rating on shares of Greencoat UK Wind in a report on Thursday, October 29th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.
Greencoat UK Wind Stock Down 2.2%
The firm has a market capitalization of £2.61 billion, a PE ratio of 294.88 and a beta of 0.35. The business’s fifty day moving average price is GBX 114.73 and its 200 day moving average price is GBX 105.11. The company has a quick ratio of 14.31, a current ratio of 0.59 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.
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