Bluefield Solar Income Fund (LON:BSIF) Given New GBX 95 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has lowered the price target for Bluefield Solar Income Fund from GBX 115 to GBX 95, indicating a potential upside of 22.11% from its previous close.
• Currently, Bluefield Solar Income Fund's shares are trading around GBX 77.80 and have seen significant trading volume, indicating heightened market activity.
• The fund primarily focuses on acquiring and managing low carbon assets in the UK, with a significant emphasis on solar energy investments.

Bluefield Solar Income Fund (LON:BSIF - Get Free Report) had its price objective cut by Royal Bank Of Canada from GBX 115 to GBX 95 in a note issued to investors on Wednesday,Digital Look reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 22.11% from the stock's previous close.

Bluefield Solar Income Fund Stock Performance

Shares of LON BSIF traded up GBX 2.30 during mid-day trading on Wednesday, reaching GBX 77.80. The company had a trading volume of 20,817,197 shares, compared to its average volume of 1,376,602. Bluefield Solar Income Fund has a one year low of GBX 74.39 and a one year high of GBX 107.80. The firm has a market cap of £460.64 million, a price-to-earnings ratio of -39.90 and a beta of 0.14. The business's 50-day simple moving average is GBX 86.86 and its 200 day simple moving average is GBX 92.14.

Bluefield Solar Income Fund (LON:BSIF - Get Free Report) last released its earnings results on Tuesday, October 21st. The company reported GBX 10.40 earnings per share (EPS) for the quarter. Bluefield Solar Income Fund had a negative return on equity of 1.19% and a net margin of 129.55%. On average, sell-side analysts anticipate that Bluefield Solar Income Fund will post 302.1632747 EPS for the current year.

Bluefield Solar Income Fund Company Profile

Bluefield Solar Income Fund (BSIF) is an investment company focused on the acquisition and long-term management of a diversified portfolio of low carbon assets in the UK, with a primary focus on solar assets. The fund's initial public offering (IPO) was in July 2013, making it the first investment company focused on solar PV to be listed on the London Stock Exchange (LSE).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.