Northland Power (TSE:NPI) Price Target Lowered to C$23.50 at Cormark

Northland Power (TSE:NPI) had its price target cut by Cormark from C$25.00 to C$23.50 in a research note published on Thursday,BayStreet.CA reports.

NPI has been the topic of several other reports. National Bankshares dropped their target price on shares of Northland Power from C$35.00 to C$34.00 in a report on Wednesday, January 15th. Scotiabank cut their price objective on shares of Northland Power from C$28.00 to C$25.00 in a report on Thursday. Raymond James upgraded Northland Power to a “moderate buy” rating in a report on Friday, November 15th. Finally, CIBC reduced their price target on Northland Power from C$31.00 to C$29.00 in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$28.56.

Northland Power Stock Performance

Northland Power stock opened at C$16.67 on Thursday. Northland Power has a fifty-two week low of C$16.66 and a fifty-two week high of C$25.36. The company has a market capitalization of C$4.30 billion, a PE ratio of 69.46, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a 50 day moving average price of C$18.65 and a 200-day moving average price of C$20.95. 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.20%. The ex-dividend date is Friday, January 31st. Northland Power’s payout ratio is 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.