Greencoat UK Wind (LON:UKW) Sets New 12-Month High – Time to Buy?

Greencoat UK Wind PLC (LON:UKW) hit a new 52-week high on Tuesday. The company traded as high as GBX 120.50 and last traded at GBX 120.40, with a volume of 1,120,460 shares. The stock had previously closed at GBX 119.40.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UKW. Jefferies Financial Group reiterated a “buy” rating on shares of Greencoat UK Wind in a research report on Thursday, October 29th. Berenberg Bank restated a “buy” rating on shares of Greencoat UK Wind in a research report on Thursday, October 29th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has an average rating of “Buy”.

Greencoat UK Wind Stock Performance

The company has a quick ratio of 14.31, a current ratio of 0.59 and a debt-to-equity ratio of 58.38. The stock has a market cap of £2.63 billion, a P/E ratio of 297.39 and a beta of 0.35. The stock has a fifty day simple moving average of GBX 113.51 and a 200-day simple moving average of GBX 104.47.

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.