Northland Power (TSE:NPI) Price Target Cut to C$28.00 by Analysts at CIBC

Northland Power (TSE:NPI) had its price objective reduced by CIBC from C$29.00 to C$28.00 in a research note released on Friday morning,BayStreet.CA reports.

NPI has been the topic of a number of other reports. Scotiabank cut their price target on Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. Raymond James cut their price target on Northland Power from C$30.00 to C$29.00 in a report on Friday. Cormark cut their price target on Northland Power from C$25.00 to C$23.50 in a report on Thursday, January 30th. Finally, National Bankshares cut their price target on 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$27.21.

Northland Power Trading Up 4.6 %

Shares of TSE:NPI opened at C$19.87 on Friday. Northland Power has a 12-month low of C$16.14 and a 12-month high of C$24.88. The business’s fifty day simple moving average is C$17.88 and its 200-day simple moving average is C$20.08. The company has a market capitalization of C$5.21 billion, a PE ratio of -36.40, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28.

Northland Power Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 6.04%. Northland Power’s dividend payout ratio (DPR) is -219.84%.

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.