Bluefield Solar Income Fund (LON:BSIF) Reaches New 1-Year Low – Here’s Why

Bluefield Solar Income Fund (LON:BSIF)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 68 and last traded at GBX 68.60, with a volume of 4864549 shares traded. The stock had previously closed at GBX 71.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada dropped their target price on Bluefield Solar Income Fund from GBX 115 to GBX 95 and set a “sector perform” rating on the stock in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 95.

Bluefield Solar Income Fund Trading Up 0.6%

The firm’s 50 day simple moving average is GBX 79.42 and its 200-day simple moving average is GBX 88.78. The stock has a market capitalization of £410.90 million, a price-to-earnings ratio of -14.49 and a beta of 0.14.

Bluefield Solar Income Fund (LON:BSIF) last announced its quarterly earnings data on Tuesday, October 21st. The company reported GBX 10.40 earnings per share for the quarter. Bluefield Solar Income Fund had a negative return on equity of 1.19% and a net margin of 129.55%. As a group, equities research analysts predict that Bluefield Solar Income Fund will post 302.1632747 earnings per share for the current year.

About Bluefield Solar Income Fund

Bluefield Solar Income Fund (BSIF) is an investment company focused on the acquisition and long-term management of a diversified portfolio of low carbon assets in the UK, with a primary focus on solar assets. The fund’s initial public offering (IPO) was in July 2013, making it the first investment company focused on solar PV to be listed on the London Stock Exchange (LSE).