National Bankshares Lowers Northland Power (TSE:NPI) Price Target to C$34.00

Northland Power (TSE:NPI) had its price objective dropped by equities research analysts at National Bankshares from C$35.00 to C$34.00 in a research report issued on Wednesday,BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 79.51% from the stock’s current price.

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

Northland Power Stock Performance

Northland Power stock opened at C$18.94 on Wednesday. Northland Power has a twelve month low of C$17.68 and a twelve month high of C$25.36. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. The company has a market capitalization of C$4.88 billion, a P/E ratio of 78.92, a PEG ratio of 0.71 and a beta of 0.47. The stock’s 50 day moving average is C$19.20 and its 200 day moving average is C$21.39.

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.