Northland Power (TSE:NPI) Price Target Cut to C$29.00 by Analysts at Raymond James

Northland Power (TSE:NPI) had its price objective decreased by Raymond James from C$30.00 to C$29.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Several other research firms have also recently weighed in on NPI. National Bankshares lowered their price target on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Cormark lowered their price target on Northland Power from C$25.00 to C$23.50 in a report on Thursday, January 30th. Scotiabank lowered their price target on Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. Finally, CIBC lowered their price target on Northland Power from C$31.00 to C$29.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$27.21.

Northland Power Stock Up 4.6 %

Shares of TSE NPI opened at C$19.87 on Friday. The business has a 50-day simple moving average of C$17.88 and a two-hundred day simple moving average of C$20.08. Northland Power has a 52 week low of C$16.14 and a 52 week high of C$24.88. The company has a market cap of C$5.21 billion, a P/E ratio of -36.40, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28.

Northland Power Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th were given a $0.10 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 6.04%. Northland Power’s payout ratio is currently -219.84%.

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.