Scotiabank Lowers Northland Power (TSE:NPI) Price Target to C$25.00

Northland Power (TSE:NPI) had its price target decreased by Scotiabank from C$28.00 to C$25.00 in a research report report published on Thursday morning,BayStreet.CA reports.

NPI has been the topic of a number of other research reports. CIBC cut their price target on Northland Power from C$31.00 to C$29.00 in a research note on Wednesday, January 8th. National Bankshares cut their target price on Northland Power from C$35.00 to C$34.00 in a research note on Wednesday, January 15th. Finally, Raymond James upgraded Northland Power to a “moderate buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$28.56.

Northland Power Trading Down 1.1 %

NPI opened at C$16.67 on Thursday. Northland Power has a fifty-two week low of C$16.66 and a fifty-two week high of C$25.36. The company has a market cap of C$4.30 billion, a price-to-earnings ratio of 69.46, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23. The firm has a 50 day simple moving average of C$18.65 and a 200 day simple moving average of C$20.95.

Northland Power Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 7.20%. Northland Power’s dividend payout ratio (DPR) is currently 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.