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Northland Power (TSE:NPI) Given New C$28.00 Price Target at CIBC

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Northland Power (TSE:NPI - Free Report) had its target price reduced by CIBC from C$29.00 to C$28.00 in a report published on Friday morning,BayStreet.CA reports.

NPI has been the subject of several other reports. Scotiabank decreased their price target on shares of Northland Power from C$28.00 to C$25.00 in a research report on Thursday, January 30th. Raymond James cut their target price on Northland Power from C$30.00 to C$29.00 in a report on Friday. Cormark cut their target price on Northland Power from C$25.00 to C$23.50 in a report on Thursday, January 30th. Finally, National Bankshares cut their target price on Northland Power from C$34.00 to C$32.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$27.21.

View Our Latest Report on NPI

Northland Power Trading Down 1.8 %

Shares of NPI stock traded down C$0.35 during mid-day trading on Friday, reaching C$19.07. 1,497,109 shares of the stock traded hands, compared to its average volume of 1,191,172. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28. Northland Power has a 1-year low of C$16.14 and a 1-year high of C$24.88. The stock's fifty day simple moving average is C$17.92 and its two-hundred day simple moving average is C$20.00. The company has a market cap of C$5.00 billion, a price-to-earnings ratio of -34.94, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47.

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Northland Power Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th were issued a $0.10 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 6.29%. Northland Power's payout ratio is currently -219.84%.

Northland Power Company Profile

(Get Free Report)

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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