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

Northland Power (TSE:NPI) had its price objective dropped by research analysts at Scotiabank from C$28.00 to C$25.00 in a report released on Thursday,BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 46.97% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Raymond James upgraded Northland Power to a “moderate buy” rating in a research report on Friday, November 15th. National Bankshares decreased their target price on Northland Power from C$35.00 to C$34.00 in a research report on Wednesday, January 15th. Finally, CIBC dropped their price objective on shares of Northland Power from C$31.00 to C$29.00 in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$28.56.

Northland Power Stock Up 2.0 %

Shares of NPI opened at C$17.01 on Thursday. The stock has a market capitalization of C$4.38 billion, a price-to-earnings ratio of 70.88, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a 52 week low of C$16.52 and a 52 week high of C$25.36. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. The stock has a fifty day moving average of C$18.59 and a 200-day moving average of C$20.92.

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.