Desjardins Raises Northland Power (TSE:NPI) Price Target to C$29.00

Northland Power (TSE:NPIFree Report) had its price target increased by Desjardins from C$27.00 to C$29.00 in a research report released on Thursday morning, BayStreet.CA reports. The firm currently has a buy rating on the solar energy provider’s stock.

NPI has been the subject of several other reports. TD Securities raised their target price on shares of Northland Power from C$27.00 to C$28.00 and gave the company a buy rating in a research note on Friday, May 17th. Raymond James cut Northland Power from a strong-buy rating to an outperform rating and cut their price objective for the company from C$32.00 to C$30.00 in a research report on Thursday, April 25th. BMO Capital Markets dropped their price target on Northland Power from C$31.00 to C$30.00 and set an outperform rating on the stock in a research note on Thursday, February 22nd. CIBC lifted their price objective on shares of Northland Power from C$29.00 to C$30.00 and gave the stock an outperform rating in a research report on Friday, May 17th. Finally, National Bankshares increased their price objective on shares of Northland Power from C$32.00 to C$34.00 and gave the company an outperform rating in a research report on Tuesday, May 28th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Northland Power has a consensus rating of Moderate Buy and an average price target of C$32.13.

View Our Latest Stock Report on NPI

Northland Power Price Performance

Shares of NPI opened at C$24.24 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.23 and a debt-to-equity ratio of 164.02. The company’s fifty day simple moving average is C$22.39 and its 200 day simple moving average is C$23.09. Northland Power has a 1-year low of C$19.36 and a 1-year high of C$29.36. The company has a market cap of C$6.22 billion, a price-to-earnings ratio of -34.63, a PEG ratio of 0.71 and a beta of 0.44.

Northland Power Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Friday, May 31st. Northland Power’s dividend payout ratio is -171.43%.

Northland Power Company Profile

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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.

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Analyst Recommendations for Northland Power (TSE:NPI)

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