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

Shares of Northland Power Inc. (TSE:NPI) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$28.56.

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

Northland Power Stock Performance

TSE NPI opened at C$16.64 on Monday. The company has a market cap of C$4.29 billion, a P/E ratio of 69.33, a PEG ratio of 0.71 and a beta of 0.47. The company has a fifty day simple moving average of C$18.26 and a 200 day simple moving average of C$20.66. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. Northland Power has a 12-month low of C$16.14 and a 12-month high of C$24.88.

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 given a dividend of $0.10 per share. The ex-dividend date is Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 7.21%. Northland Power’s payout ratio is currently 500.00%.

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.