Northland Power Inc. (TSE:NPI) Receives C$30.14 Consensus Target Price from Analysts

Northland Power Inc. (TSE:NPI) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts 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 research note on Friday, November 15th.

Northland Power Trading Down 1.5 %

Shares of NPI opened at C$17.97 on Friday. The business’s fifty day moving average is C$20.49 and its 200-day moving average is C$22.14. The firm has a market cap of C$4.63 billion, a price-to-earnings ratio of 74.88, a PEG ratio of 0.71 and a beta of 0.47. 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$17.95 and a 52-week high of C$25.36.

Northland Power Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 6.68%. The ex-dividend date was Friday, November 29th. Northland Power’s payout ratio is presently 500.00%.

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.