Northland Power (TSE:NPI - Free Report) had its price target reduced by Cormark from C$25.00 to C$23.50 in a report issued on Thursday morning,BayStreet.CA reports.
Other equities analysts have also issued reports about the company. CIBC dropped their price objective on Northland Power from C$31.00 to C$29.00 in a research note on Wednesday, January 8th. Raymond James raised Northland Power to a "moderate buy" rating in a research report on Friday, November 15th. National Bankshares reduced their price objective on Northland Power from C$35.00 to C$34.00 in a research report on Wednesday, January 15th. Finally, Scotiabank dropped their target price on shares of Northland Power from C$28.00 to C$25.00 in a research report on Thursday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$28.56.
Check Out Our Latest Research Report on NPI
Northland Power Stock Performance
TSE:NPI traded down C$0.64 during midday trading on Thursday, reaching C$16.37. The stock had a trading volume of 787,419 shares, compared to its average volume of 1,129,703. The stock has a market capitalization of C$4.22 billion, a P/E ratio of 68.21, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a 1-year low of C$16.34 and a 1-year high of C$24.88. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23. The firm's fifty day simple moving average is C$18.59 and its 200-day simple moving average is C$20.90.
Northland Power Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 7.33%. Northland Power's payout ratio is currently 500.00%.
About Northland Power
(
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Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.
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