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

Northland Power (TSE:NPI) had its target price cut by equities researchers at National Bankshares from C$34.00 to C$32.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the solar energy provider’s stock. National Bankshares’ price target indicates a potential upside of 88.68% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. Cormark decreased their target price on Northland Power from C$25.00 to C$23.50 in a research report on Thursday, January 30th. Raymond James raised Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. CIBC cut their target price on Northland Power from C$31.00 to C$29.00 in a research note on Wednesday, January 8th. Finally, Scotiabank cut their target price on Northland Power from C$28.00 to C$25.00 in a research note on Thursday, January 30th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$28.31.

Northland Power Stock Performance

Shares of Northland Power stock traded up C$0.26 on Tuesday, reaching C$16.96. 493,225 shares of the stock were exchanged, compared to its average volume of 1,127,615. 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 twelve month low of C$16.14 and a twelve month high of C$24.88. The firm has a market capitalization of C$4.37 billion, a price-to-earnings ratio of 70.67, a PEG ratio of 0.71 and a beta of 0.47. The business has a 50 day moving average price of C$18.19 and a two-hundred day moving average price of C$20.58.

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.