Northland Power Inc. (TSE:NPI) Receives C$28.56 Average PT from Brokerages

Shares of Northland Power Inc. (TSE:NPI) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$28.56.

Several research analysts recently commented on the stock. National Bankshares dropped their target price on shares of Northland Power from C$35.00 to C$34.00 in a report on Wednesday, January 15th. Raymond James upgraded Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. CIBC cut their price objective on Northland Power from C$31.00 to C$29.00 in a research report on Wednesday, January 8th. Scotiabank lowered their target price on Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. Finally, Cormark cut their price target on Northland Power from C$25.00 to C$23.50 in a report on Thursday, January 30th.

Northland Power Trading Down 0.7 %

Shares of NPI stock opened at C$16.64 on Monday. Northland Power has a 12 month low of C$16.14 and a 12 month high of C$24.88. The company has a market cap of C$4.29 billion, a PE ratio of 69.33, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. The business’s 50 day moving average is C$18.26 and its two-hundred day moving average is C$20.63.

Northland Power Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.21%. The ex-dividend date is Friday, January 31st. Northland Power’s payout ratio is presently 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.