National Bank Financial Reaffirms Outperform Rating for Northland Power (NPI)
National Bank Financial reaffirmed their outperform rating on shares of Northland Power (TSE:NPI) in a research note published on Tuesday morning. They currently have a C$26.00 price objective on the solar energy provider’s stock.
Several other brokerages have also issued reports on NPI. Desjardins boosted their target price on Northland Power from C$27.50 to C$27.75 in a research note on Wednesday, February 27th. TD Securities boosted their target price on Northland Power from C$26.00 to C$27.00 and gave the company a buy rating in a research note on Monday, February 25th. Canaccord Genuity boosted their target price on Northland Power from C$27.00 to C$28.00 in a research note on Monday, February 25th. CIBC boosted their target price on Northland Power from C$26.00 to C$26.50 in a research note on Monday, February 25th. Finally, Raymond James restated an outperform rating and issued a C$30.00 target price on shares of Northland Power in a research note on Friday, February 22nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of C$27.03.
NPI stock opened at C$23.97 on Tuesday. The firm has a market capitalization of $4.23 billion and a price-to-earnings ratio of 16.44. The company has a debt-to-equity ratio of 514.42, a quick ratio of 0.71 and a current ratio of 1.35. Northland Power has a 1-year low of C$19.91 and a 1-year high of C$26.21.
The business also recently disclosed a monthly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 15th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, February 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.01%. Northland Power’s payout ratio is 82.30%.
About Northland Power
Northland Power Inc develops, builds, owns, and operates green power projects primarily in Canada and Europe. It generates electricity from thermal, wind, solar, hydro, and biomass power plants. As of September 24, 2018, the company owned or had a net economic interest in power producing facilities with a total capacity of approximately 2,029 megawatts.
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