Greencoat UK Wind (LON:UKW) Sets New 12-Month High - Should You Buy?

Key Points

• Greencoat UK Wind shares reached a new 52-week high, trading as high as GBX 117.30 and recently up 0.8%, giving the company a market capitalization of approximately £2.53 billion.
• Jefferies reaffirmed a “Buy” rating, and the stock has a consensus “Buy” rating based on coverage from one analyst.
• The 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 invests in renewable infrastructure, including onshore and offshore wind farms.

Shares of Greencoat UK Wind PLC (LON:UKW - Get Free Report) hit a new 52-week high during trading on Monday. The stock traded as high as GBX 117.30 and last traded at GBX 117.07, with a volume of 2,335,107 shares changing hands. The stock had previously closed at GBX 116.10.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a "buy" rating on shares of Greencoat UK Wind in a research report on Friday, October 16th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".

Greencoat UK Wind Trading Up 0.8%

The firm has a market cap of £2.53 billion, a price-to-earnings ratio of 285.54 and a beta of 0.35. The company has a debt-to-equity ratio of 58.38, a current ratio of 0.59 and a quick ratio of 14.31. The firm's fifty day moving average is GBX 112.07 and its 200-day moving average is GBX 106.65.

Greencoat UK Wind (LON:UKW - Get Free Report) last issued 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 return on equity of 0.24% and a net margin of 1.60%. Equities analysts anticipate that Greencoat UK Wind PLC will post 14.42 earnings per share for the current 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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