Northland Power Inc. (TSE:NPI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Northland Power Inc. (TSE:NPI) has earned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$29.86.

Several equities research analysts recently weighed in on NPI shares. Raymond James raised shares of Northland Power to a “moderate buy” rating in a report on Friday, November 15th. CIBC dropped their price objective on Northland Power from C$31.00 to C$29.00 in a research note on Wednesday.

Northland Power Price Performance

Shares of TSE:NPI opened at C$18.57 on Thursday. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. The firm has a 50-day simple moving average of C$19.48 and a 200 day simple moving average of C$21.58. Northland Power has a fifty-two week low of C$17.68 and a fifty-two week high of C$25.36. The company has a market cap of C$4.78 billion, a PE ratio of 77.38, a P/E/G ratio of 0.71 and a beta of 0.47.

Northland Power Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.20 annualized dividend and a yield of 6.46%. Northland Power’s dividend payout ratio (DPR) is presently 500.00%.

About Northland Power

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.