Northland Power (TSE:NPI) Given New C$24.00 Price Target at TD Securities

Northland Power (TSE:NPI) had its price objective raised by analysts at TD Securities from C$23.00 to C$24.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the solar energy provider’s stock. TD Securities’ target price would indicate a potential upside of 23.01% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. CIBC dropped their price target on shares of Northland Power from C$29.00 to C$28.00 in a research note on Friday. National Bankshares decreased their price target on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Scotiabank dropped their target price on Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. Raymond James lowered their price target on Northland Power from C$30.00 to C$29.00 in a research report on Friday. Finally, Cormark decreased their target price on Northland Power from C$25.00 to C$23.50 in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$27.21.

Northland Power Trading Up 3.3 %

NPI traded up C$0.62 on Friday, reaching C$19.51. 890,221 shares of the company’s stock were exchanged, compared to its average volume of 1,139,417. The company has a market cap of C$5.12 billion, a price-to-earnings ratio of -35.74, a PEG ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. Northland Power has a twelve month low of C$16.14 and a twelve month high of C$24.88. The company’s 50 day moving average is C$17.84 and its 200-day moving average is C$20.08.

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.