Northland Power Inc. (TSE:NPI) Receives C$27.08 Consensus PT from Brokerages

Northland Power Inc. (TSE:NPI) has been given an average recommendation of “Buy” by the six brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$27.08.

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial cut their target price on shares of Northland Power from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Friday, August 15th. CIBC boosted their price objective on Northland Power from C$28.00 to C$29.00 in a report on Monday, July 21st.

Northland Power Trading Up 3.8%

NPI opened at C$24.86 on Friday. The stock has a market capitalization of C$6.50 billion, a PE ratio of -118.38, a P/E/G ratio of 0.71 and a beta of 0.85. The firm’s fifty day moving average price is C$22.77 and its 200 day moving average price is C$21.40. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23. Northland Power has a 12-month low of C$16.14 and a 12-month high of C$25.03.

Northland Power Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Thursday, July 31st. Northland Power’s payout ratio is -571.43%.

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.