Greencoat UK Wind (LON:UKW) Earns “Buy” Rating from Berenberg Bank

Greencoat UK Wind (LON:UKW)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research report issued to clients and investors on Thursday, London Stock Exchange reports.

Separately, Jefferies Financial Group restated a “buy” rating on shares of Greencoat UK Wind in a research note on Friday, October 16th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Greencoat UK Wind Stock Up 0.6%

Greencoat UK Wind stock opened at GBX 120.26 on Thursday. The firm has a market cap of £2.60 billion, a PE ratio of 293.32 and a beta of 0.35. 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 firm’s 50 day moving average price is GBX 112.56 and its two-hundred day moving average price is GBX 103.93. Greencoat UK Wind has a twelve month low of GBX 92.20 and a twelve month high of GBX 120.27.

Greencoat UK Wind (LON:UKW) last announced its quarterly earnings results on Thursday, July 30th. The company reported GBX 5.89 earnings per share (EPS) for the quarter. Greencoat UK Wind had a return on equity of 0.24% and a net margin of 1.60%. On average, research analysts predict that Greencoat UK Wind will post 14.42 EPS 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.