National Bankshares Cuts Polaris Renewable Energy (TSE:PIF) Price Target to C$22.00

Polaris Renewable Energy (TSE:PIF) had its target price lowered by National Bankshares from C$23.00 to C$22.00 in a research note released on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also recently commented on PIF. Raymond James raised their target price on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a “strong-buy” rating in a report on Friday, November 1st. Cormark raised their target price on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a report on Thursday, January 30th.

Polaris Renewable Energy Stock Down 0.5 %

Polaris Renewable Energy stock opened at C$12.67 on Tuesday. The stock has a market cap of C$188.30 million, a P/E ratio of 26.25, a P/E/G ratio of 3.28 and a beta of 0.97. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 57.48. Polaris Renewable Energy has a twelve month low of C$11.08 and a twelve month high of C$13.85. The company’s 50-day moving average price is C$13.04 and its two-hundred day moving average price is C$12.62.

Polaris Renewable Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 4.74%. Polaris Renewable Energy’s dividend payout ratio is presently 169.88%.

Polaris Renewable Energy Company Profile

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.