Northland Power Inc. (TSE:NPI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Northland Power Inc. (TSE:NPI) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$30.14.

Separately, Raymond James upgraded shares of Northland Power to a “moderate buy” rating in a report on Friday, November 15th.

Northland Power Stock Down 2.4 %

Shares of TSE:NPI opened at C$19.89 on Wednesday. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. Northland Power has a 52-week low of C$19.09 and a 52-week high of C$25.36. The firm has a market capitalization of C$5.12 billion, a P/E ratio of 82.88, a P/E/G ratio of 0.71 and a beta of 0.47. The stock has a 50 day moving average price of C$21.57 and a 200-day moving average price of C$22.53.

Northland Power Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be paid a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.03%. Northland Power’s dividend payout ratio is presently 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.