National Bank Financial Boosts Northland Power (TSE:NPI) Price Target to C$33.00
Northland Power (TSE:NPI) had its price target increased by National Bank Financial from C$29.00 to C$33.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the solar energy provider’s stock.
Several other brokerages have also recently weighed in on NPI. CIBC reaffirmed an outperform rating and issued a C$30.00 price target on shares of Northland Power in a research note on Wednesday, January 15th. Raymond James reaffirmed a strong-buy rating and issued a C$32.00 price target on shares of Northland Power in a research note on Thursday, November 7th. Finally, TD Securities upped their price target on Northland Power from C$29.00 to C$30.00 and gave the stock a buy rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of C$29.72.
NPI stock traded up C$0.33 during midday trading on Thursday, hitting C$31.55. The stock had a trading volume of 558,811 shares, compared to its average volume of 638,762. The firm has a market cap of $6.02 billion and a price-to-earnings ratio of 18.95. The business has a 50-day moving average of C$28.67 and a two-hundred day moving average of C$26.75. Northland Power has a 52-week low of C$22.90 and a 52-week high of C$31.60. The company has a debt-to-equity ratio of 541.73, a current ratio of 1.03 and a quick ratio of 0.45.
Northland Power Company Profile
Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.
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