CIBC Keeps Their Hold Rating on Pinnacle Renewable Holdings Inc (PL)


In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Pinnacle Renewable Holdings Inc (PL). The Materials company, Pinnacle Renewable Holdings Inc (TSX: PL) has just received a rating update from a Wall Street analyst.

According to TipRanks.com, Jarvi is a 3-star analyst with an average return of 1.9% and a 60.0% success rate. Jarvi covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities Corp, Just Energy Group Inc, and Northland Power Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pinnacle Renewable Holdings Inc with a C$11.50 average price target.

The company has a one-year high of C$15.75 and a one-year low of C$5.98. Currently, Pinnacle Renewable Holdings Inc has an average volume of 48.68K.

Pinnacle Renewable Energy, Inc. engages in the manufacture and distribution of industrial wood pallets. Its products include industrial, heat, and sorbents.

The company’s shares closed last Wednesday at C$7.13, close to its 52-week low of C$5.98.

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