Northland Power (TSE:NPI) Price Target Lowered to C$29.00 at CIBC

Northland Power (TSE:NPI) had its target price cut by equities research analysts at CIBC from C$31.00 to C$29.00 in a research note issued on Wednesday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 58.38% from the company’s current price.

Separately, Raymond James raised shares of Northland Power to a “moderate buy” rating in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.86.

Northland Power Trading Down 1.4 %

TSE NPI opened at C$18.31 on Wednesday. The company has a market capitalization of C$4.72 billion, a price-to-earnings ratio of 76.29, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. Northland Power has a 12 month low of C$17.68 and a 12 month high of C$25.36. The company’s fifty day moving average price is C$19.41 and its two-hundred day moving average price is C$21.54. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23.

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.