Northland Power (TSE:NPI) Price Target Lowered to C$25.00 at Scotiabank

Northland Power (TSE:NPI) had its price objective cut by research analysts at Scotiabank from C$28.00 to C$25.00 in a report issued on Thursday,BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 45.94% from the company’s previous close.

A number of other brokerages have also issued reports on NPI. CIBC decreased their price target on Northland Power from C$31.00 to C$29.00 in a research note on Wednesday, January 8th. National Bankshares decreased their price objective on Northland Power from C$35.00 to C$34.00 in a research note on Wednesday, January 15th. Finally, Raymond James upgraded Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$28.56.

Northland Power Stock Up 1.7 %

Northland Power stock traded up C$0.28 during mid-day trading on Thursday, hitting C$17.13. The company had a trading volume of 223,676 shares, compared to its average volume of 1,088,891. The company has a market capitalization of C$4.41 billion, a PE ratio of 71.38, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. Northland Power has a 12 month low of C$16.79 and a 12 month high of C$25.36. The stock’s 50 day moving average price is C$18.72 and its two-hundred day moving average price is C$21.00.

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.