Northland Power (TSE:NPI) Share Price Passes Above 200-Day Moving Average of $40.83

Shares of Northland Power Inc. (TSE:NPIGet Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$40.83 and traded as high as C$45.17. Northland Power shares last traded at C$45.05, with a volume of 561,158 shares.

Wall Street Analyst Weigh In

NPI has been the subject of a number of research reports. CIBC increased their target price on shares of Northland Power from C$44.00 to C$48.00 in a report on Monday, August 15th. Royal Bank of Canada increased their target price on shares of Northland Power from C$46.00 to C$48.00 and gave the stock a “sector perform” rating in a report on Monday, August 15th. National Bankshares increased their target price on shares of Northland Power from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a report on Tuesday, August 16th. Raymond James increased their target price on shares of Northland Power from C$50.00 to C$52.00 and gave the stock an “outperform” rating in a report on Friday, August 12th. Finally, CSFB increased their target price on shares of Northland Power from C$51.00 to C$53.00 in a report on Wednesday, August 24th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$49.44.

Northland Power Stock Down 0.3 %

The company has a market cap of C$10.61 billion and a P/E ratio of 18.54. The stock’s 50-day moving average price is C$42.96 and its 200-day moving average price is C$40.83. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 186.75.

Northland Power Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.66%. Northland Power’s dividend payout ratio (DPR) is presently 49.38%.

About Northland Power

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Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydropower, as well as clean-burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

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