Greencoat UK Wind (LON:UKW) Share Price Passes Above 200 Day Moving Average – Here’s Why

Greencoat UK Wind PLC (LON:UKW)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 100.50 and traded as high as GBX 116.50. Greencoat UK Wind shares last traded at GBX 115, with a volume of 2,736,816 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating on shares of Greencoat UK Wind in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

Greencoat UK Wind Stock Down 0.9%

The stock’s fifty day moving average price is GBX 105.24 and its 200 day moving average price is GBX 100.59. The company has a current ratio of 0.59, a quick ratio of 14.31 and a debt-to-equity ratio of 58.38. The stock has a market cap of £2.46 billion, a P/E ratio of 278.05 and a beta of 0.30.

Greencoat UK Wind (LON:UKW) last posted its quarterly earnings data on Thursday, July 30th. The company reported GBX 5.89 earnings per share (EPS) for the quarter. Greencoat UK Wind had a net margin of 1.60% and a return on equity of 0.24%. As a group, research analysts forecast that Greencoat UK Wind PLC will post 14.4164038 earnings per share for the current fiscal year.

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.