Analysts Set Northland Power Inc. (TSE:NPI) Target Price at C$27.21

Northland Power Inc. (TSE:NPI) has earned an average rating of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$27.21.

Several research firms have recently issued reports on NPI. TD Securities upped their price target on Northland Power from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Scotiabank decreased their target price on Northland Power from C$28.00 to C$25.00 in a research report on Thursday, January 30th. Raymond James lowered their price target on Northland Power from C$30.00 to C$29.00 in a report on Friday, February 28th. CIBC reduced their price objective on shares of Northland Power from C$29.00 to C$28.00 in a research note on Friday, February 28th. Finally, Cormark lowered 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 Trading Up 0.5 %

Shares of TSE:NPI opened at C$19.67 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28. The stock has a market capitalization of C$5.16 billion, a PE ratio of -36.04, a P/E/G ratio of 0.71 and a beta of 0.47. Northland Power has a 1 year low of C$16.14 and a 1 year high of C$24.88. The firm has a fifty day moving average price of C$18.35 and a 200 day moving average price of C$19.66.

Northland Power Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend is Monday, March 31st. Northland Power’s dividend payout ratio (DPR) is currently -219.84%.

Northland Power Company Profile

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term.