Northland Power Inc. (TSE:NPI) Receives C$29.86 Average PT from Analysts

Northland Power Inc. (TSE:NPI) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the company, 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 1-year price target among analysts that have covered the stock in the last year is C$29.86.

A number of research analysts have recently issued reports on the stock. Raymond James upgraded shares of Northland Power to a “moderate buy” rating in a report on Friday, November 15th. CIBC cut their price target on Northland Power from C$31.00 to C$29.00 in a research note on Wednesday.

Northland Power Trading Down 0.2 %

TSE NPI opened at C$18.27 on Thursday. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. Northland Power has a 52 week low of C$17.68 and a 52 week high of C$25.36. The business has a 50 day moving average price of C$19.36 and a 200-day moving average price of C$21.52. The company has a market cap of C$4.71 billion, a price-to-earnings ratio of 76.13, a P/E/G ratio of 0.71 and a beta of 0.47.

Northland Power Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date was Friday, November 29th. Northland Power’s dividend payout ratio is currently 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.