CIBC Has Lowered Expectations for Northland Power (TSE:NPI) Stock Price

Northland Power (TSE:NPI) had its price objective decreased by CIBC from C$29.00 to C$28.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 40.92% from the stock’s previous close.

Several other research analysts also recently commented on the company. Raymond James decreased their price objective on Northland Power from C$30.00 to C$29.00 in a report on Friday. Scotiabank decreased their price objective on Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. Cormark decreased their price objective on Northland Power from C$25.00 to C$23.50 in a report on Thursday, January 30th. Finally, National Bankshares decreased their price objective on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$27.21.

Northland Power Trading Up 4.6 %

Shares of NPI stock opened at C$19.87 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28. The business has a 50-day moving average price of C$17.88 and a two-hundred day moving average price of C$20.08. Northland Power has a 12-month low of C$16.14 and a 12-month high of C$24.88. The firm has a market cap of C$5.21 billion, a P/E ratio of -36.40, a price-to-earnings-growth 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.