Scotiabank Reaffirms Their Buy Rating on Pinnacle Renewable Holdings Inc (PL)
In a latest note to investors, a research analyst has provided a rating update for the Pinnacle Renewable Holdings Inc (PL). Analyst Benoit Laprade from Scotiabank reiterated a Buy rating, with a C$17.50 price target yesterday.
According to TipRanks.com, Laprade is a 2-star analyst with an average return of -0.6% and a 58.0% success rate. Laprade covers the Consumer Goods sector, focusing on stocks such as Fibria Celulose SA, Resolute Forest, and Methanex Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pinnacle Renewable Holdings Inc with a C$16 average price target, representing a 37.2% upside. In a report issued on December 12, RBC Capital also reiterated a Buy rating on the stock with a C$16 price target.
Pinnacle Renewable Holdings Inc’s market cap is currently C$385.8M and has a P/E ratio of 0. The company has a Price to Book ratio of 2.04.
Pinnacle Renewable Holding, Inc. engages in the manufacture and distribution of industrial wood pallets. Its products include industrial, heat, and sorbents.
The company’s shares closed on Wednesday at C$11.66.