CIBC Has Lowered Expectations for Northland Power (TSE:NPI) Stock Price

Northland Power (TSE:NPI) had its price target reduced by analysts at CIBC from C$31.00 to C$29.00 in a report issued on Wednesday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 57.78% from the company’s previous close.

Separately, Raymond James upgraded shares of Northland Power to a “moderate buy” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Northland Power presently has an average rating of “Moderate Buy” and an average target price of C$29.86.

Northland Power Stock Performance

Northland Power stock traded down C$0.53 during midday trading on Wednesday, hitting C$18.38. The company’s stock had a trading volume of 555,386 shares, compared to its average volume of 675,481. 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$4.74 billion, a price-to-earnings ratio of 76.58, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a 1-year low of C$17.68 and a 1-year high of C$25.36. The company has a 50-day moving average price of C$19.55 and a two-hundred day moving average price of C$21.62.

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.