Northland Power Inc. (TSE:NPI) Given Average Rating of “Buy” by Brokerages

Northland Power Inc. (TSE:NPI) has received a consensus recommendation of “Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$27.08.

A number of research analysts recently issued reports on the stock. Cormark downgraded shares of Northland Power from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 15th. Scotiabank upgraded shares of Northland Power from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$25.00 to C$26.00 in a research note on Thursday, May 22nd. Finally, National Bank Financial upgraded shares of Northland Power to a “strong-buy” rating in a research note on Sunday, June 8th.

Northland Power Stock Performance

TSE:NPI opened at C$22.70 on Thursday. The company’s 50-day moving average price is C$20.66 and its 200-day moving average price is C$19.21. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28. The company has a market cap of C$5.96 billion, a P/E ratio of -41.59, a P/E/G ratio of 0.71 and a beta of 0.47. Northland Power has a twelve month low of C$16.14 and a twelve month high of C$24.74.

About Northland Power

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term.