Northland Power (TSE:NPI) Given New C$34.00 Price Target at National Bankshares

Northland Power (TSE:NPI) had its price objective lowered by National Bankshares from C$35.00 to C$34.00 in a research note published on Wednesday morning,BayStreet.CA reports.

Several other analysts have also recently issued reports on NPI. CIBC lowered their price objective on shares of Northland Power from C$31.00 to C$29.00 in a research note on Wednesday, January 8th. Raymond James raised Northland Power to a “moderate buy” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$29.71.

Northland Power Price Performance

Northland Power stock opened at C$18.14 on Wednesday. Northland Power has a 1 year low of C$17.68 and a 1 year high of C$25.36. 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 firm has a 50 day moving average price of C$19.25 and a 200 day moving average price of C$21.43. The company has a market cap of C$4.67 billion, a price-to-earnings ratio of 75.58, a PEG ratio of 0.71 and a beta of 0.47.

Northland Power Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 6.62%. Northland Power’s payout ratio is currently 500.00%.

About Northland Power

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.