Northland Power (TSE:NPI) Given New C$29.00 Price Target at CIBC

Northland Power (TSE:NPI) had its price target lowered by CIBC from C$31.00 to C$29.00 in a report issued on Wednesday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 57.78% from the stock’s previous close.

Separately, Raymond James raised shares of Northland Power to a “moderate buy” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.86.

Northland Power Stock Performance

TSE NPI traded down C$0.53 during trading on Wednesday, hitting C$18.38. The company’s stock had a trading volume of 555,386 shares, compared to its average volume of 675,481. Northland Power has a 52 week low of C$17.68 and a 52 week high of C$25.36. The firm has a market cap of C$4.74 billion, a P/E ratio of 76.58, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The firm has a 50 day moving average price of C$19.55 and a 200 day moving average price of C$21.62. 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 Company Profile

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.