Northland Power (TSE:NPI) Given New C$24.00 Price Target at TD Securities

Northland Power (TSE:NPI) had its price target raised by TD Securities from C$23.00 to C$24.00 in a research note published on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the solar energy provider’s stock.

NPI has been the topic of a number of other research reports. CIBC lowered their price target on Northland Power from C$29.00 to C$28.00 in a report on Friday. Cormark lowered their price target on Northland Power from C$25.00 to C$23.50 in a report on Thursday, January 30th. Scotiabank lowered their price target on Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. Raymond James lowered their price target on Northland Power from C$30.00 to C$29.00 in a report on Friday. Finally, National Bankshares lowered their price target on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$27.21.

Northland Power Stock Performance

Shares of NPI stock opened at C$19.87 on Friday. The stock’s 50-day moving average is C$17.88 and its two-hundred day moving average is C$20.08. The firm has a market cap of C$5.21 billion, a price-to-earnings ratio of -36.40, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a 1 year low of C$16.14 and a 1 year high of C$24.88. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17.

Northland Power Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.04%. Northland Power’s payout ratio is -219.84%.

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.