Scotiabank Upgrades Northland Power (TSE:NPI) to Strong-Buy

Northland Power (TSE:NPI) was upgraded by stock analysts at Scotiabank from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

NPI has been the topic of several other reports. Cormark lowered Northland Power from a “moderate buy” rating to a “hold” rating in a research report on Thursday. TD Securities increased their price objective on Northland Power from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Friday, February 28th. CIBC reduced their target price on shares of Northland Power from C$29.00 to C$28.00 in a research note on Friday, February 28th. Raymond James decreased their target price on shares of Northland Power from C$30.00 to C$29.00 in a research report on Friday, February 28th. Finally, National Bankshares cut their price target on shares of Northland Power from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$27.21.

Northland Power Trading Down 0.1%

Northland Power stock opened at C$20.69 on Thursday. Northland Power has a 12 month low of C$16.14 and a 12 month high of C$24.88. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28. The stock has a market cap of C$5.43 billion, a P/E ratio of -37.90, a P/E/G ratio of 0.71 and a beta of 0.47. The company’s fifty day simple moving average is C$19.07 and its 200-day simple moving average is C$18.89.

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.