Brokerages Set Northland Power Inc. (TSE:NPI) PT at C$30.14

Northland Power Inc. (TSE:NPI) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$30.14.

Separately, Raymond James upgraded shares of Northland Power to a “moderate buy” rating in a research note on Friday, November 15th.

Northland Power Stock Down 0.8 %

NPI stock opened at C$19.70 on Wednesday. The business has a 50 day moving average of C$21.57 and a 200 day moving average of C$22.54. The firm has a market cap of C$5.08 billion, a PE ratio of 82.08, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. Northland Power has a twelve month low of C$19.09 and a twelve month high of C$25.36. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53.

Northland Power Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.09%. Northland Power’s dividend payout ratio is presently 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.