Greencoat UK Wind's (UKW) "Buy" Rating Reaffirmed at Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “Buy” rating on Greencoat UK Wind, while Jefferies also maintained a “Buy” rating. The stock has a consensus “Buy” rating from two analysts.
• Greencoat UK Wind shares rose 0.6% to open at GBX 120.26, near their 52-week high of GBX 120.27, giving the company a market capitalization of approximately £2.60 billion.
• The renewable infrastructure investment company reported quarterly earnings of GBX 5.89 per share, while analysts expect full-year earnings of GBX 14.42 per share.

Greencoat UK Wind (LON:UKW - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Berenberg Bank in a note issued to investors on Thursday, London Stock Exchange reports.

Separately, Jefferies Financial Group restated a "buy" rating on shares of Greencoat UK Wind in a report on Friday, October 16th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Greencoat UK Wind Stock Up 0.6%

UKW stock opened at GBX 120.26 on Thursday. The company has a market cap of £2.60 billion, a P/E ratio of 293.32 and a beta of 0.35. The company has a current ratio of 0.59, a quick ratio of 14.31 and a debt-to-equity ratio of 58.38. The company's 50-day moving average price is GBX 112.56 and its 200 day moving average price is GBX 103.93. Greencoat UK Wind has a 52 week low of GBX 92.20 and a 52 week high of GBX 120.27.

Greencoat UK Wind (LON:UKW - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported GBX 5.89 earnings per share for the quarter. Greencoat UK Wind had a net margin of 1.60% and a return on equity of 0.24%. On average, research analysts expect that Greencoat UK Wind will post 14.42 earnings per share for the current fiscal year.

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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