CIBC Increases Northland Power (TSE:NPI) Price Target to C$49.00

Northland Power (TSE:NPIGet Rating) had its price objective raised by CIBC from C$48.00 to C$49.00 in a research report released on Friday, BayStreet.CA reports.

Other analysts have also recently issued research reports about the company. National Bankshares increased their price objective on Northland Power from C$47.00 to C$49.00 and gave the stock an outperform rating in a report on Tuesday, August 16th. Raymond James increased their price objective on Northland Power from C$50.00 to C$52.00 and gave the company an outperform rating in a research report on Friday, August 12th. TD Securities increased their price objective on Northland Power from C$47.00 to C$55.00 and gave the company a buy rating in a research report on Monday, August 15th. ATB Capital increased their price objective on Northland Power from C$50.00 to C$53.00 in a research report on Monday, August 15th. Finally, Credit Suisse Group increased their price objective on Northland Power to C$53.00 in a research report on Wednesday, August 24th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of C$49.52.

Northland Power Stock Performance

Shares of NPI opened at C$44.75 on Friday. The stock’s 50-day simple moving average is C$43.29 and its 200 day simple moving average is C$40.91. The stock has a market capitalization of C$10.54 billion and a price-to-earnings ratio of 18.42. The company has a debt-to-equity ratio of 186.75, a quick ratio of 0.99 and a current ratio of 1.28. Northland Power has a 52-week low of C$34.95 and a 52-week high of C$47.13.

Northland Power Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 15th were issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 2.68%. The ex-dividend date was Tuesday, August 30th. Northland Power’s dividend payout ratio is presently 49.38%.

About Northland Power

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Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydropower, as well as clean-burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

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Analyst Recommendations for Northland Power (TSE:NPI)

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