Analysts Set Northland Power Inc. (TSE:NPI) Target Price at C$30.14

Northland Power Inc. (TSE:NPI) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$30.14.

Separately, Raymond James upgraded shares of Northland Power to a “moderate buy” rating in a research report on Friday, November 15th.

Northland Power Price Performance

TSE:NPI opened at C$17.97 on Friday. The firm’s fifty day moving average price is C$20.49 and its two-hundred day moving average price is C$22.14. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23. The company has a market cap of C$4.63 billion, a P/E ratio of 74.88, a P/E/G ratio of 0.71 and a beta of 0.47. Northland Power has a one year low of C$17.95 and a one year high of C$25.36.

Northland Power Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend was Friday, November 29th. Northland Power’s dividend 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.