CIBC Issues Pessimistic Forecast for Northland Power (TSE:NPI) Stock Price

Northland Power (TSE:NPI) had its price target dropped by research analysts at CIBC from C$31.00 to C$29.00 in a research report issued on Wednesday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 58.38% from the stock’s current price.

Separately, Raymond James upgraded Northland Power to a “moderate buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Northland Power currently has a consensus rating of “Moderate Buy” and an average target price of C$29.86.

Northland Power Price Performance

Shares of NPI opened at C$18.31 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. The stock’s 50 day moving average is C$19.41 and its two-hundred day moving average is C$21.54. Northland Power has a twelve month low of C$17.68 and a twelve month high of C$25.36. The firm has a market capitalization of C$4.72 billion, a PE ratio of 76.29, a P/E/G ratio of 0.71 and a beta of 0.47.

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.