Northland Power (TSE:NPI) Given New C$27.00 Price Target at Desjardins

Northland Power (TSE:NPIFree Report) had its price objective cut by Desjardins from C$28.00 to C$27.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the solar energy provider’s stock.

Several other analysts have also recently issued reports on NPI. CIBC upped their price target on shares of Northland Power from C$28.00 to C$29.00 in a report on Monday, July 21st. Raymond James Financial cut their price target on shares of Northland Power from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Northland Power currently has an average rating of “Buy” and an average target price of C$27.07.

Get Our Latest Analysis on NPI

Northland Power Trading Down 1.8%

NPI opened at C$24.42 on Tuesday. The stock has a market capitalization of C$6.39 billion, a PE ratio of -116.29, a P/E/G ratio of 0.71 and a beta of 0.85. The firm’s fifty day moving average price is C$22.81 and its 200 day moving average price is C$21.42. 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 firm also recently declared a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were given a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Thursday, July 31st. Northland Power’s dividend payout ratio (DPR) is presently -571.43%.

About Northland Power

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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.

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Analyst Recommendations for Northland Power (TSE:NPI)

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