Greencoat UK Wind (LON:UKW) Reaches New 52-Week High – Here’s Why

Greencoat UK Wind PLC (LON:UKW)’s share price hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as GBX 123.50 and last traded at GBX 123.36, with a volume of 1,059,792 shares. The stock had previously closed at GBX 122.40.

Wall Street Analyst Weigh In

UKW has been the topic of a number of recent analyst reports. Berenberg Bank reissued a “buy” rating on shares of Greencoat UK Wind in a research report on Thursday, October 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Greencoat UK Wind in a research note on Thursday, October 29th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Greencoat UK Wind has a consensus rating of “Buy”.

Greencoat UK Wind Stock Performance

The firm has a 50 day moving average of GBX 114.18 and a two-hundred day moving average of GBX 104.83. 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 stock has a market cap of £2.64 billion, a PE ratio of 298.54 and a beta of 0.35.

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.