Analysts Set Northland Power Inc. (TSE:NPI) Target Price at C$27.21

Shares of Northland Power Inc. (TSE:NPI) have been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$27.21.

NPI has been the topic of several recent analyst reports. CIBC cut their target price on Northland Power from C$29.00 to C$28.00 in a research note on Friday, February 28th. TD Securities lifted their price target on shares of Northland Power from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Friday, February 28th. Raymond James reduced their price objective on shares of Northland Power from C$30.00 to C$29.00 in a research report on Friday, February 28th. Cormark dropped their target price on shares of Northland Power from C$25.00 to C$23.50 in a research report on Thursday, January 30th. Finally, Scotiabank reduced their price target on shares of Northland Power from C$28.00 to C$25.00 in a research report on Thursday, January 30th.

Northland Power Price Performance

Shares of Northland Power stock opened at C$19.67 on Tuesday. Northland Power has a 12 month low of C$16.14 and a 12 month high of C$24.88. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28. The business’s 50-day moving average price is C$18.35 and its 200-day moving average price is C$19.67. The firm has a market capitalization of C$5.16 billion, a PE ratio of -36.04, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47.

Northland Power Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.20 dividend on an annualized basis and a yield of 6.10%. Northland Power’s dividend payout ratio (DPR) is currently -219.84%.

About Northland Power

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term.