The stock of Greencoat UK Wind PLC (LON:UKW) hit a new 52-week high and has GBX 124.23 target or 6.00% above today’s GBX 117.20 share price. The 6 months bullish chart indicates low risk for the GBX 863.41M company. The 1-year high was reported on Nov, 30 by Barchart.com. If the GBX 124.23 price target is reached, the company will be worth GBX 51.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.68% or GBX 0.8 on November 30, hitting GBX 117.2. About 881,223 shares traded hands or 9.06% up from the average. Greencoat UK Wind PLC (LON:UKW) has risen 15.78% since May 3, 2016 and is uptrending. It has outperformed by 10.55% the S&P500.
More news for Greencoat UK Wind PLC (LON:UKW) were recently published by: Fool.Co.Uk, which released: “Build A Green Portfolio With These 4 Renewable Energy Plays: Greencoat UK Wind …” on June 16, 2015. Bloomberg.com‘s article titled: “Greencoat U.K. Wind Acquires Scottish Wind Farm for $128 Million” and published on November 26, 2015 is yet another important article.
Greencoat UK Wind PLC is a renewable infrastructure fund, solely and fully invested in the operating United Kingdom wind farms. The company has a market cap of 863.41 million GBP. The Company’s investment objective is to provide investors with an annual dividend that increases in line with retail price index inflation while preserving the capital value of its investment portfolio in the long term on a real basis through reinvestment of excess cash flow and the prudent use of portfolio leverage. It has a 18.11 P/E ratio. The Firm invests in unlevered operating United Kingdom wind farms predominantly with a capacity of over 10 megawatts, which sells the power produced and associated green benefits to the United Kingdom off takers.
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