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

Greencoat UK Wind PLC (LON:UKW)’s stock price reached a new 52-week high 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 trading hands. The stock had previously closed at GBX 116.10.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating on shares of Greencoat UK Wind in a research note on Friday, October 16th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Greencoat UK Wind Stock Performance

The company has a debt-to-equity ratio of 58.38, a quick ratio of 14.31 and a current ratio of 0.59. The company has a 50 day moving average price of GBX 112.07 and a 200 day moving average price of GBX 106.65. The company has a market capitalization of £2.53 billion, a price-to-earnings ratio of 285.54 and a beta of 0.35.

Greencoat UK Wind (LON:UKW) 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 return on equity of 0.24% and a net margin of 1.60%. Equities research analysts predict that Greencoat UK Wind PLC will post 14.42 earnings per share for the current fiscal 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.