Royal Bank of Canada Boosts Northland Power (NPI) Price Target to C$25.00

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Northland Power (TSE:NPI) had its target price raised by Royal Bank of Canada from C$24.00 to C$25.00 in a research report released on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the solar energy provider’s stock.

A number of other brokerages have also weighed in on NPI. Desjardins boosted their price objective on shares of Northland Power from C$27.50 to C$27.75 in a report on Wednesday, February 27th. National Bank Financial boosted their price objective on shares of Northland Power from C$25.00 to C$26.00 and gave the company an outperform rating in a report on Tuesday, February 5th. Raymond James reissued an outperform rating and set a C$30.00 price objective on shares of Northland Power in a report on Thursday. TD Securities upped their price target on shares of Northland Power from C$26.00 to C$27.00 and gave the company a buy rating in a report on Monday, February 25th. Finally, Canaccord Genuity upped their price target on shares of Northland Power from C$27.00 to C$28.00 in a report on Monday, February 25th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of C$27.31.

Shares of NPI traded down C$0.28 during trading hours on Friday, reaching C$24.21. 652,800 shares of the company traded hands, compared to its average volume of 657,612. The firm has a market capitalization of $4.39 billion and a PE ratio of 16.60. The company has a debt-to-equity ratio of 514.42, a current ratio of 1.35 and a quick ratio of 0.71. Northland Power has a 12-month low of C$19.91 and a 12-month high of C$26.21.

Northland Power (TSE:NPI) last announced its quarterly earnings data on Thursday, February 21st. The solar energy provider reported C$0.22 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.11). The firm had revenue of C$380.86 million for the quarter, compared to analysts’ expectations of C$409.30 million. As a group, research analysts anticipate that Northland Power will post 1.97000011408309 EPS for the current fiscal year.

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.

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Analyst Recommendations for Northland Power (TSE:NPI)

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