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

Northland Power (TSE:NPI) had its price target reduced by Scotiabank from C$28.00 to C$25.00 in a report released on Thursday,BayStreet.CA reports.

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

Northland Power Stock Down 1.1 %

Shares of NPI stock opened at C$16.67 on Thursday. Northland Power has a one year low of C$16.66 and a one year high of C$25.36. 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 stock has a fifty day moving average price of C$18.65 and a 200 day moving average price of C$20.95. The stock has a market cap of C$4.30 billion, a P/E ratio of 69.46, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47.

Northland Power Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 7.20%. Northland Power’s dividend 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.