Brokerages Set Northland Power Inc. (TSE:NPI) Target Price at C$30.14

Northland Power Inc. (TSE:NPI) has earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$30.14.

Separately, Raymond James raised shares of Northland Power to a “moderate buy” rating in a research note on Friday, November 15th.

Northland Power Trading Down 0.8 %

Shares of TSE:NPI opened at C$19.70 on Wednesday. The firm has a market capitalization of C$5.08 billion, a price-to-earnings ratio of 82.08, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The business’s 50 day moving average price is C$21.57 and its 200-day moving average price is C$22.52. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23. Northland Power has a 1 year low of C$19.09 and a 1 year high of C$25.36.

Northland Power Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be given a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.20 annualized dividend and a yield of 6.09%. Northland Power’s dividend payout ratio is presently 500.00%.

Northland Power Company Profile

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.