Northland Power Inc. (TSE:NPI) Receives C$27.25 Average Target Price from Brokerages

Shares of Northland Power Inc. (TSE:NPI) have been assigned an average recommendation of “Buy” from the five ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$27.25.

Several equities analysts recently weighed in on NPI shares. National Bank Financial raised shares of Northland Power to a “strong-buy” rating in a research note on Sunday, June 8th. Scotiabank raised shares of Northland Power from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$25.00 to C$26.00 in a research note on Thursday, May 22nd. CIBC raised their target price on shares of Northland Power from C$28.00 to C$29.00 in a research note on Monday, July 21st. Finally, Cormark cut shares of Northland Power from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 15th.

Northland Power Stock Performance

NPI opened at C$22.95 on Monday. The stock has a market capitalization of C$6.02 billion, a price-to-earnings ratio of -42.05, a PEG ratio of 0.71 and a beta of 0.47. The company has a fifty day moving average of C$21.87 and a 200 day moving average of C$19.76. Northland Power has a fifty-two week low of C$16.14 and a fifty-two week high of C$24.25. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17.

Northland Power Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be paid a $0.10 dividend. The ex-dividend date is Thursday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.23%. Northland Power’s payout ratio is currently -219.84%.

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.