National Bankshares Cuts Northland Power (TSE:NPI) Price Target to C$34.00

Northland Power (TSE:NPI) had its price objective reduced by National Bankshares from C$35.00 to C$34.00 in a report published on Wednesday morning,BayStreet.CA reports.

A number of other analysts have also recently weighed in on NPI. CIBC dropped their price target on Northland Power from C$31.00 to C$29.00 in a research report on Wednesday, January 8th. Raymond James raised Northland Power to a “moderate buy” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Northland Power has an average rating of “Moderate Buy” and a consensus price target of C$29.71.

Northland Power Price Performance

NPI opened at C$18.14 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. The company’s 50-day moving average price is C$19.25 and its 200 day moving average price is C$21.43. Northland Power has a fifty-two week low of C$17.68 and a fifty-two week high of C$25.36. The firm has a market cap of C$4.67 billion, a price-to-earnings ratio of 75.58, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47.

Northland Power Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 6.62%. Northland Power’s dividend payout ratio (DPR) is presently 500.00%.

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.