Pinnacle Renewable (TSE:PL) PT Raised to C$14.00

Pinnacle Renewable (TSE:PL) had its target price lifted by equities researchers at GMP Securities from C$13.00 to C$14.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. GMP Securities’ target price would indicate a potential upside of 37.25% from the company’s current price.

A number of other research analysts have also commented on PL. Royal Bank of Canada dropped their price objective on shares of Pinnacle Renewable from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. CIBC dropped their price objective on shares of Pinnacle Renewable from C$14.50 to C$14.00 in a research note on Wednesday.

TSE PL traded up C$0.34 during trading on Thursday, reaching C$10.20. The company’s stock had a trading volume of 12,483 shares, compared to its average volume of 44,063. The company has a current ratio of 1.11, a quick ratio of 0.56 and a debt-to-equity ratio of 171.27. The firm has a market capitalization of $338.00 million and a price-to-earnings ratio of 42.86. Pinnacle Renewable has a twelve month low of C$8.53 and a twelve month high of C$17.00. The business’s fifty day moving average is C$9.86.

Pinnacle Renewable Company Profile

Pinnacle Renewable Energy Inc, together with its subsidiaries, manufactures, distributes, and sells industrial wood pellets in North America, Asia, and Europe. The company produces renewable fuel for electricity generation in the form of industrial wood pellets, which are used by utilities and large-scale power generators to produce renewable and baseload power.

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