Northland Power (TSE:NPI) Given New C$29.00 Price Target at National Bank Financial

Northland Power (TSE:NPI) had its price objective increased by National Bank Financial from C$28.00 to C$29.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the solar energy provider’s stock. National Bank Financial’s target price points to a potential upside of 5.45% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. CIBC lifted their price target on Northland Power from C$27.00 to C$27.50 in a report on Friday, August 9th. BMO Capital Markets reissued an “outperform” rating and set a C$30.00 price objective on shares of Northland Power in a report on Thursday, September 19th. Raymond James reissued a “strong-buy” rating and set a C$32.00 price objective on shares of Northland Power in a report on Thursday, November 7th. Royal Bank of Canada raised their price objective on shares of Northland Power from C$25.00 to C$27.00 and gave the company a “sector perform” rating in a research report on Thursday, September 19th. Finally, TD Securities boosted their target price on shares of Northland Power from C$29.00 to C$30.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Northland Power has an average rating of “Buy” and a consensus target price of C$28.91.

Shares of NPI stock traded down C$0.16 during trading hours on Wednesday, hitting C$27.50. 117,349 shares of the company’s stock were exchanged, compared to its average volume of 616,170. The stock’s 50-day moving average is C$26.67 and its 200-day moving average is C$25.68. The company has a debt-to-equity ratio of 541.73, a current ratio of 1.03 and a quick ratio of 0.45. The stock has a market cap of $4.96 billion and a price-to-earnings ratio of 16.52. Northland Power has a 52 week low of C$20.80 and a 52 week high of C$28.07.

About Northland Power

Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

Read More: How does quantitative easing work?

Analyst Recommendations for Northland Power (TSE:NPI)

Receive News & Ratings for Northland Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northland Power and related companies with MarketBeat.com's FREE daily email newsletter.