Polaris Infrastructure (TSE:PIF) had its price target boosted by Raymond James from C$22.00 to C$25.00 in a research report released on Wednesday. Raymond James currently has an outperform rating on the stock.
Separately, Industrial Alliance Securities reduced their price target on Polaris Infrastructure from C$30.00 to C$23.00 in a report on Tuesday, October 9th.
Polaris Infrastructure stock traded down C$0.44 during mid-day trading on Wednesday, reaching C$11.90. 30,025 shares of the company were exchanged, compared to its average volume of 40,734. Polaris Infrastructure has a twelve month low of C$9.50 and a twelve month high of C$20.75. The company has a quick ratio of 2.50, a current ratio of 2.56 and a debt-to-equity ratio of 87.07.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Stockholders of record on Monday, November 26th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $0.60 annualized dividend and a dividend yield of 5.04%. Polaris Infrastructure’s dividend payout ratio is currently 152.45%.
About Polaris Infrastructure
Polaris Infrastructure Inc, a renewable energy company, acquires, explores, develops, and operates geothermal energy projects in Latin America. The company, through its subsidiaries, owns and operates a 72 megawatt net capacity geothermal facility, the San Jacinto project, located in northwest Nicaragua.
Featured Article: Penny Stocks, What You Need To Know
Receive News & Ratings for Polaris Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.