BMO Capital Markets Lowers Northland Power (TSE:NPI) Price Target to C$25.00

Northland Power (TSE:NPI) had its price target decreased by stock analysts at BMO Capital Markets from C$31.00 to C$25.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 37.67% from the company’s previous close.

NPI has been the subject of a number of other reports. Raymond James Financial reduced their price target on shares of Northland Power from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research report on Friday, August 15th. Desjardins dropped their price objective on Northland Power from C$28.00 to C$27.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Finally, CIBC boosted their target price on Northland Power from C$28.00 to C$29.00 in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Northland Power presently has a consensus rating of “Buy” and an average price target of C$26.81.

Northland Power Price Performance

TSE:NPI traded down C$6.91 during mid-day trading on Thursday, hitting C$18.16. 9,101,519 shares of the stock traded hands, compared to its average volume of 930,948. The business’s 50-day moving average price is C$24.09 and its 200 day moving average price is C$22.40. The company has a market cap of C$4.75 billion, a PE ratio of -86.48, a price-to-earnings-growth ratio of 0.71 and a beta of 0.87. Northland Power has a 12-month low of C$16.14 and a 12-month high of C$25.99. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28.

About Northland Power

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.