Shares of Northland Power Inc. (TSE:NPI) have earned an average rating of “Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. One 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 brokerages that have issued ratings on the stock in the last year is C$27.31.
A number of equities analysts recently issued reports on NPI shares. Raymond James restated an “outperform” rating and issued a C$30.00 target price on shares of Northland Power in a report on Friday, February 22nd. Canaccord Genuity lifted their target price on Northland Power from C$27.00 to C$28.00 in a report on Monday, February 25th. National Bank Financial restated an “outperform” rating and issued a C$26.00 target price on shares of Northland Power in a report on Tuesday, March 19th. CIBC lifted their target price on Northland Power from C$26.00 to C$26.50 in a report on Monday, February 25th. Finally, TD Securities lifted their target price on Northland Power from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Monday, February 25th.
Shares of TSE NPI opened at C$25.08 on Friday. The company has a debt-to-equity ratio of 491.00, a quick ratio of 0.83 and a current ratio of 1.33. The firm has a market capitalization of $4.57 billion and a P/E ratio of 15.44. Northland Power has a 52-week low of C$19.91 and a 52-week high of C$26.21.
About Northland Power
Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.
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