Cormark Lowers Northland Power (TSE:NPI) Price Target to C$23.50

Northland Power (TSE:NPI) had its price objective decreased by Cormark from C$25.00 to C$23.50 in a research report sent to investors on Thursday,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the stock. Scotiabank reduced their price objective on shares of Northland Power from C$28.00 to C$25.00 in a research report on Thursday. CIBC cut their target price on shares of Northland Power from C$31.00 to C$29.00 in a research note on Wednesday, January 8th. National Bankshares decreased their price target on shares of Northland Power from C$35.00 to C$34.00 in a research note on Wednesday, January 15th. Finally, Raymond James upgraded shares of Northland Power to a “moderate buy” rating in a research report 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$28.56.

Northland Power Price Performance

TSE:NPI opened at C$17.01 on Thursday. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. Northland Power has a 12-month low of C$16.52 and a 12-month high of C$25.36. The stock’s 50 day moving average price is C$18.59 and its two-hundred day moving average price is C$20.92. The firm has a market capitalization of C$4.38 billion, a price-to-earnings ratio of 70.88, a P/E/G ratio of 0.71 and a beta of 0.47.

Northland Power Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.05%. The ex-dividend date of this dividend is Friday, January 31st. Northland Power’s dividend payout ratio (DPR) 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.