National Bank Financial Upgrades Polaris Renewable Energy (TSE:PIF) to “Strong-Buy”

National Bank Financial upgraded shares of Polaris Renewable Energy (TSE:PIF) to a strong-buy rating in a report issued on Sunday morning,Zacks.com reports.

A number of other research firms also recently issued reports on PIF. Raymond James downgraded Polaris Renewable Energy from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, May 1st. National Bankshares lowered their target price on Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th.

Polaris Renewable Energy Stock Performance

PIF opened at C$11.90 on Friday. The business’s 50-day moving average price is C$11.70 and its two-hundred day moving average price is C$12.33. Polaris Renewable Energy has a 1 year low of C$10.70 and a 1 year high of C$13.66. The company has a market capitalization of C$176.85 million, a price-to-earnings ratio of 24.65, a P/E/G ratio of 3.28 and a beta of 0.97. The company has a debt-to-equity ratio of 57.48, a current ratio of 1.82 and a quick ratio of 1.64.

Polaris Renewable Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 23rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend was Monday, May 12th. Polaris Renewable Energy’s dividend payout ratio is presently 169.88%.

About Polaris Renewable Energy

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.