Northland Power (TSE:NPI) Price Target Cut to C$25.00 by Analysts at Scotiabank

Northland Power (TSE:NPI) had its price target dropped by investment analysts at Scotiabank from C$28.00 to C$25.00 in a report released on Thursday,BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 45.94% from the stock’s current price.

Several other equities research analysts have also issued reports on NPI. CIBC decreased their price target on shares of Northland Power from C$31.00 to C$29.00 in a report on Wednesday, January 8th. National Bankshares dropped their price objective on shares of Northland Power from C$35.00 to C$34.00 in a report on Wednesday, January 15th. Finally, Raymond James raised Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$28.56.

Northland Power Stock Up 1.7 %

Shares of NPI stock traded up C$0.28 during trading hours on Thursday, hitting C$17.13. 223,676 shares of the company were exchanged, compared to its average volume of 1,088,891. The company has a market capitalization of C$4.41 billion, a PE ratio of 71.38, a PEG ratio of 0.71 and a beta of 0.47. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. The business has a 50 day moving average of C$18.72 and a two-hundred day moving average of C$21.00. Northland Power has a 52 week low of C$16.79 and a 52 week high of C$25.36.

Northland Power Company Profile

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.