Cormark Issues Pessimistic Forecast for Northland Power (TSE:NPI) Stock Price

Northland Power (TSE:NPI) had its price target reduced by analysts at Cormark from C$25.00 to C$23.50 in a research report issued on Thursday,BayStreet.CA reports. Cormark’s target price suggests a potential upside of 37.19% from the stock’s current price.

NPI has been the topic of several other research reports. National Bankshares decreased their price target on shares of Northland Power from C$35.00 to C$34.00 in a research report on Wednesday, January 15th. Raymond James raised shares of Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. CIBC lowered their target price on shares of Northland Power from C$31.00 to C$29.00 in a research note on Wednesday, January 8th. Finally, Scotiabank lowered their price target on shares of Northland Power from C$28.00 to C$25.00 in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$28.56.

Northland Power Price Performance

Shares of TSE:NPI traded up C$0.28 during trading on Thursday, hitting C$17.13. 223,676 shares of the stock were exchanged, compared to its average volume of 1,088,891. The company has a fifty day moving average price of C$18.72 and a two-hundred day moving average price of C$21.00. The company has a market cap of C$4.41 billion, a PE ratio of 71.38, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. Northland Power has a 12-month low of C$16.79 and a 12-month high of C$25.36.

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.