Northland Power Inc. (TSE:NPI) Receives C$27.21 Consensus Target Price from Brokerages

Northland Power Inc. (TSE:NPI) has been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$27.21.

A number of brokerages recently issued reports on NPI. Cormark lowered their price target on Northland Power from C$25.00 to C$23.50 in a report on Thursday, January 30th. Raymond James dropped their price target on Northland Power from C$30.00 to C$29.00 in a research report on Friday, February 28th. CIBC decreased their price objective on Northland Power from C$29.00 to C$28.00 in a report on Friday, February 28th. Scotiabank lowered their price objective on shares of Northland Power from C$28.00 to C$25.00 in a research note on Thursday, January 30th. Finally, TD Securities raised their target price on shares of Northland Power from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Friday, February 28th.

Northland Power Trading Up 0.8 %

TSE NPI opened at C$20.05 on Tuesday. The stock has a market cap of C$5.26 billion, a PE ratio of -36.73, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a 12 month low of C$16.14 and a 12 month high of C$24.88. The company’s 50-day moving average price is C$18.34 and its 200-day moving average price is C$19.67. 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 Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend was Friday, January 31st. Northland Power’s dividend payout ratio (DPR) is presently -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.