Northland Power (TSE:NPI) Given New C$49.00 Price Target at CIBC

Northland Power (TSE:NPIGet Rating) had its target price boosted by CIBC from C$48.00 to C$49.00 in a research report report published on Friday morning, BayStreet.CA reports.

A number of other brokerages have also commented on NPI. TD Securities lifted their price target on Northland Power from C$47.00 to C$55.00 and gave the company a buy rating in a research note on Monday, August 15th. Credit Suisse Group lifted their price target on Northland Power to C$53.00 in a research note on Wednesday, August 24th. ATB Capital lifted their price target on Northland Power from C$50.00 to C$53.00 in a research note on Monday, August 15th. CSFB lifted their price objective on Northland Power from C$51.00 to C$53.00 in a research note on Wednesday, August 24th. Finally, BMO Capital Markets lifted their price objective on Northland Power from C$44.00 to C$50.00 in a research note on Friday, August 12th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of C$49.52.

Northland Power Stock Performance

Northland Power stock opened at C$44.75 on Friday. Northland Power has a 12-month low of C$34.95 and a 12-month high of C$47.13. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 186.75. The business’s 50-day moving average price is C$43.29 and its two-hundred day moving average price is C$40.91. The stock has a market cap of C$10.54 billion and a PE ratio of 18.42.

Northland Power Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, August 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.68%. Northland Power’s dividend payout ratio is 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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Analyst Recommendations for Northland Power (TSE:NPI)

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