Northland Power (TSE:NPI) Given New C$29.00 Price Target at CIBC

Northland Power (TSE:NPI) had its target price hoisted by CIBC from C$28.00 to C$29.00 in a research note issued to investors on Monday,BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on the stock. National Bank Financial raised shares of Northland Power to a “strong-buy” rating in a research report on Sunday, June 8th. Cormark cut shares of Northland Power from a “moderate buy” rating to a “hold” rating in a research report on Thursday, May 15th. Finally, Scotiabank raised shares of Northland Power from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$25.00 to C$26.00 in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$27.25.

Northland Power Stock Performance

TSE:NPI opened at C$23.48 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28. The firm has a 50-day moving average price of C$21.44 and a two-hundred day moving average price of C$19.52. Northland Power has a twelve month low of C$16.14 and a twelve month high of C$24.25. The company has a market capitalization of C$6.16 billion, a P/E ratio of -43.02, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47.

Northland Power Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 5.11%. Northland Power’s dividend payout ratio (DPR) is -219.84%.

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.