National Bankshares Increases Polaris Renewable Energy (TSE:PIF) Price Target to C$21.00

Polaris Renewable Energy (TSE:PIF) had its price objective boosted by National Bankshares from C$20.00 to C$21.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 70.73% from the company’s current price.

Polaris Renewable Energy Price Performance

PIF opened at C$12.30 on Wednesday. The company has a debt-to-equity ratio of 57.48, a current ratio of 1.82 and a quick ratio of 1.64. The stock’s 50 day simple moving average is C$12.03 and its 200 day simple moving average is C$12.58. The firm has a market cap of C$258.10 million, a price-to-earnings ratio of -22.78, a PEG ratio of 3.28 and a beta of 0.57. Polaris Renewable Energy has a 1 year low of C$10.70 and a 1 year high of C$14.20.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings data on Thursday, October 30th. The company reported C($0.02) earnings per share for the quarter. Polaris Renewable Energy had a net margin of 9.49% and a return on equity of 2.68%. The company had revenue of C$26.51 million for the quarter. As a group, analysts predict that Polaris Renewable Energy will post 0.6481187 earnings per share for the current year.

Polaris Renewable Energy Company Profile

Polaris Infrastructure Inc is engaged in the acquisition, exploration, development and operation of geothermal and hydroelectric energy projects. The company, through its subsidiaries, owns and operates a 72-megawatt capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua.