Jefferies Financial Group Reaffirms Buy Rating for Greencoat UK Wind (LON:UKW)

Key Points

• Jefferies Financial Group reaffirmed its “Buy” rating on Greencoat UK Wind, while Berenberg Bank also maintained a “Buy” rating. MarketBeat reports a consensus rating of “Buy” from two analysts.
• Greencoat UK Wind shares opened at GBX 120.07, near their 52-week high of GBX 120.30, with a market capitalization of approximately £2.59 billion.
• The renewable infrastructure investor reported quarterly earnings of GBX 5.89 per share; analysts expect full-year EPS of GBX 14.42.

Greencoat UK Wind (LON:UKW - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Jefferies Financial Group in a research report issued on Thursday, Digital Look reports.

Separately, Berenberg Bank restated a "buy" rating on shares of Greencoat UK Wind in a research note on Thursday. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of "Buy".

Greencoat UK Wind Stock Performance

Shares of LON UKW opened at GBX 120.07 on Thursday. The business has a fifty day simple moving average of GBX 112.56 and a 200 day simple moving average of GBX 103.93. 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 firm has a market capitalization of £2.59 billion, a price-to-earnings ratio of 292.86 and a beta of 0.35. Greencoat UK Wind has a one year low of GBX 92.20 and a one year high of GBX 120.30.

Greencoat UK Wind (LON:UKW - Get Free Report) last posted its quarterly earnings results 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%. Sell-side analysts expect that Greencoat UK Wind will post 14.42 EPS for the current year.

About Greencoat UK Wind

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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