Northland Power Inc. (TSE:NPI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Northland Power Inc. (TSE:NPI) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$23.13.

Several equities research analysts recently issued reports on NPI shares. Raymond James Financial decreased their price target on shares of Northland Power from C$25.00 to C$23.00 in a report on Monday, November 24th. BMO Capital Markets decreased their target price on shares of Northland Power from C$25.00 to C$23.00 in a research note on Friday, November 21st. TD Securities cut Northland Power from a “buy” rating to a “hold” rating and dropped their price target for the company from C$22.00 to C$19.00 in a research note on Friday, November 21st. ATB Cormark Capital Markets cut their price objective on Northland Power from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, December 23rd. Finally, Canadian Imperial Bank of Commerce upped their target price on Northland Power from C$22.00 to C$23.00 in a report on Wednesday, December 17th.

Northland Power Price Performance

Shares of NPI stock opened at C$19.62 on Friday. The business has a fifty day simple moving average of C$18.47 and a 200 day simple moving average of C$20.90. The company has a market cap of C$5.13 billion, a P/E ratio of -18.00, a P/E/G ratio of 0.71 and a beta of 0.96. 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 has a twelve month low of C$15.96 and a twelve month high of C$25.99.

Insider Buying and Selling at Northland Power

In other Northland Power news, insider Christine Healy bought 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 27th. The shares were acquired at an average cost of C$16.71 per share, for a total transaction of C$501,300.00. Following the transaction, the insider directly owned 30,000 shares in the company, valued at approximately C$501,300. This represents a ∞ increase in their ownership of the stock. Insiders bought 33,425 shares of company stock worth $545,461 in the last quarter. Insiders own 0.09% of the company’s stock.

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. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.