Northland Power (TSE:NPI) Given New C$29.00 Price Target at CIBC

Northland Power (TSE:NPI) had its target price trimmed by CIBC from C$31.00 to C$29.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports.

Separately, Raymond James raised Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$29.86.

Northland Power Price Performance

Shares of Northland Power stock opened at C$18.57 on Wednesday. The stock has a market cap of C$4.78 billion, a price-to-earnings ratio of 77.38, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. The stock has a 50 day moving average price of C$19.48 and a 200-day moving average price of C$21.58. Northland Power has a one year low of C$17.68 and a one year high of C$25.36.

Northland Power Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 6.46%. Northland Power’s dividend payout ratio is presently 500.00%.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.