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

Northland Power (TSE:NPI) had its target price decreased by stock analysts at National Bankshares from C$35.00 to C$34.00 in a report released on Wednesday,BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 79.51% from the company’s current price.

A number of other research firms have also weighed in on NPI. Raymond James upgraded shares of Northland Power to a “moderate buy” rating in a report on Friday, November 15th. CIBC dropped their price target on shares of Northland Power from C$31.00 to C$29.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$29.71.

Northland Power Trading Up 4.4 %

Shares of NPI stock opened at C$18.94 on Wednesday. The business has a 50-day moving average of C$19.20 and a 200 day moving average of C$21.39. 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$17.68 and a 1-year high of C$25.36. The stock has a market capitalization of C$4.88 billion, a PE ratio of 78.92, a P/E/G ratio of 0.71 and a beta of 0.47.

About Northland Power

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.