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Abengoa Yield PLC (NYSE:ABY) hit a new 52-week high on Thursday , Analyst Ratings.Net reports. The company traded as high as $40.64 and last traded at $40.39, with a volume of 111,785 shares trading hands. The stock had previously closed at $40.38.

A number of research firms have recently commented on ABY. Analysts at Bank of America initiated coverage on shares of Abengoa Yield PLC in a research note on Tuesday, July 8th. They set a “buy” rating and a $46.00 price target on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Abengoa Yield PLC in a research note on Tuesday, July 8th. They set a “buy” rating and a $43.00 price target on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Abengoa Yield PLC in a research note on Tuesday, July 8th. They set an “outperform” rating and a $44.00 price target on the stock.

The stock’s 50-day moving average is $37.88 and its 200-day moving average is $37.88. The company’s market cap is $3.169 billion.

Abengoa Yield plc is formed to serve as the primary vehicle through which Abengoa, SA (NYSE:ABY) will own, manage and acquire renewable energy, conventional power and electric transmission lines and other contracted revenue-generating assets, initially focused on North America (the United States and Mexico) and South America (Peru, Chile, Uruguay and Brazil), as well as Europe (Spain).

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