Northland Power (TSE:NPI) Given New C$29.00 Price Target at CIBC

Northland Power (TSE:NPI) had its price target decreased by CIBC from C$31.00 to C$29.00 in a report released on Wednesday,BayStreet.CA reports.

Separately, Raymond James raised Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Northland Power currently has an average rating of “Moderate Buy” and a consensus target price of C$29.86.

Northland Power Price Performance

Shares of TSE:NPI opened at C$18.27 on Wednesday. Northland Power has a one year low of C$17.68 and a one year high of C$25.36. The stock has a market capitalization of C$4.71 billion, a price-to-earnings ratio of 76.13, a PEG ratio of 0.71 and a beta of 0.47. The company has a 50-day simple moving average of C$19.41 and a 200-day simple moving average of C$21.54. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86.

Northland Power Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were given a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 6.57%. Northland Power’s payout ratio is currently 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.