Northland Power (TSE:NPI) Price Target Lowered to C$29.00 at Raymond James

Northland Power (TSE:NPI) had its price target lowered by investment analysts at Raymond James from C$30.00 to C$29.00 in a research report issued on Friday,BayStreet.CA reports. Raymond James’ price target points to a potential upside of 48.64% from the company’s previous close.

Several other equities research analysts have also issued reports on NPI. CIBC decreased their price target on shares of Northland Power from C$31.00 to C$29.00 in a report on Wednesday, January 8th. Cormark cut their target price on Northland Power from C$25.00 to C$23.50 in a research note on Thursday, January 30th. National Bankshares reduced their target price on shares of Northland Power from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Finally, Scotiabank lowered their price target on shares of Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$27.21.

Northland Power Stock Performance

Shares of Northland Power stock traded up C$0.62 during trading hours on Friday, reaching C$19.51. The company had a trading volume of 890,221 shares, compared to its average volume of 1,139,417. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23. Northland Power has a one year low of C$16.14 and a one year high of C$24.88. The firm has a market cap of C$5.12 billion, a PE ratio of -35.74, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The business has a fifty day simple moving average of C$17.84 and a 200 day simple moving average of C$20.08.

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.