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TD Securities Issues Positive Forecast for Northland Power (TSE:NPI) Stock Price

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Northland Power (TSE:NPI - Get Free Report) had its price objective boosted by TD Securities from C$23.00 to C$24.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the solar energy provider's stock. TD Securities' price objective would suggest a potential upside of 25.85% from the company's current price.

A number of other equities research analysts have also commented on the company. National Bankshares lowered their price target on Northland Power from C$34.00 to C$32.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. Cormark cut their price target on shares of Northland Power from C$25.00 to C$23.50 in a report on Thursday, January 30th. Scotiabank cut their price target on shares of Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. Raymond James cut their price target on shares of Northland Power from C$30.00 to C$29.00 in a report on Friday. Finally, CIBC decreased their price target on shares of Northland Power from C$29.00 to C$28.00 in a research note on Friday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Northland Power has a consensus rating of "Moderate Buy" and an average target price of C$27.21.

View Our Latest Stock Report on NPI

Northland Power Stock Down 1.8 %

NPI traded down C$0.35 during trading on Friday, hitting C$19.07. 1,497,109 shares of the company's stock were exchanged, 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. The business's 50 day moving average is C$17.92 and its two-hundred day moving average is C$20.00. Northland Power has a fifty-two week low of C$16.14 and a fifty-two week high of C$24.88. The stock has a market cap of C$5.00 billion, a P/E ratio of -34.94, a PEG ratio of 0.71 and a beta of 0.47.

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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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