SDCL Energy Efficiency Income Trust (LON:SEIT) Shares Climb 1.5% – Time to Buy?

SDCL Energy Efficiency Income Trust Plc (LON:SEIT)’s share price traded up 1.5% during mid-day trading on Friday. The stock traded as high as GBX 33.80 and last traded at GBX 33.35. Approximately 1,959,277 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 4,125,037 shares. The stock had previously closed at GBX 32.85.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “restricted” rating on shares of SDCL Energy Efficiency Income Trust in a research report on Friday, June 26th.

SDCL Energy Efficiency Income Trust Trading Up 1.5%

The firm has a market capitalization of £361.99 million, a price-to-earnings ratio of -4.12 and a beta of 0.86. The company has a fifty day moving average price of GBX 35.92 and a 200-day moving average price of GBX 39.18.

SDCL Energy Efficiency Income Trust Company Profile

“SDCL Efficiency Income Trust plc is a constituent of the FTSE 250 index. It was the first UK listed company of its kind to invest exclusively in the energy efficiency sector. Its projects are primarily located in the UK, Europe and North America and include, inter alia, a portfolio of cogeneration assets in Spain, a portfolio of commercial and industrial solar and storage projects in the United States, a regulated gas distribution network in Sweden and a district energy system providing essential and efficient utility services on one of the largest business parks in the United States.

The Company aims to deliver shareholders value through its investment in a diversified portfolio of energy efficiency projects which are driven by the opportunity to deliver lower cost, cleaner and more reliable energy solutions to end users of energy.
The Company is targeting an attractive total return for shareholders of 7-8 per cent.