Northland Power’s (NPI) Outperform Rating Reaffirmed at BMO Capital Markets
Northland Power (TSE:NPI)‘s stock had its “outperform” rating reiterated by stock analysts at BMO Capital Markets in a report issued on Tuesday, BayStreet.CA reports. They currently have a C$28.00 price objective on the solar energy provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 16.96% from the company’s current price.
NPI has been the topic of a number of other reports. CIBC boosted their price target on shares of Northland Power from C$26.00 to C$26.50 in a research note on Monday, February 25th. Desjardins boosted their price target on shares of Northland Power from C$27.50 to C$27.75 in a research note on Wednesday, February 27th. National Bank Financial boosted their price target on shares of Northland Power from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Tuesday, February 5th. Raymond James reissued an “outperform” rating and issued a C$30.00 price target on shares of Northland Power in a research note on Friday, February 22nd. Finally, TD Securities boosted their price target on shares of 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. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Northland Power has an average rating of “Buy” and an average price target of C$27.03.
NPI stock traded up C$0.29 during trading on Tuesday, reaching C$23.94. 168,904 shares of the stock were exchanged, compared to its average volume of 645,145. The company has a debt-to-equity ratio of 514.42, a current ratio of 1.35 and a quick ratio of 0.71. Northland Power has a 1 year low of C$19.91 and a 1 year high of C$26.21. The company has a market capitalization of $4.29 billion and a PE ratio of 16.22.
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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