Northland Power (TSE:NPI) Price Target Cut to C$28.00 by Analysts at CIBC

Northland Power (TSE:NPI) had its price objective reduced by investment analysts at CIBC from C$29.00 to C$28.00 in a research report issued on Friday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 43.52% from the stock’s current price.

Several other brokerages have also recently issued reports on NPI. Raymond James decreased their price objective on Northland Power from C$30.00 to C$29.00 in a report on Friday. Scotiabank lowered their price target on shares of Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. Cormark decreased their price objective on shares of Northland Power from C$25.00 to C$23.50 in a research report on Thursday, January 30th. Finally, National Bankshares dropped their target price on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and four 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 target price of C$27.21.

Northland Power Stock Up 3.3 %

Northland Power stock traded up C$0.62 during mid-day trading on Friday, reaching C$19.51. 890,221 shares of the company were exchanged, compared to its average volume of 1,139,417. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. Northland Power has a 12-month low of C$16.14 and a 12-month high of C$24.88. The firm has a market cap of C$5.12 billion, a P/E ratio of -35.74, a PEG ratio of 0.71 and a beta of 0.47. The business has a fifty day moving average of C$17.84 and a 200 day moving average of C$20.08.

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.