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

Northland Power (TSE:NPI) had its target price decreased by CIBC from C$31.00 to C$29.00 in a report released on Wednesday morning,BayStreet.CA reports.

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

Northland Power Price Performance

Shares of TSE:NPI opened at C$18.57 on Wednesday. Northland Power has a twelve month low of C$17.68 and a twelve month high of C$25.36. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. The company has a market cap of C$4.78 billion, a PE ratio of 77.38, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company’s 50 day moving average is C$19.48 and its 200 day moving average is C$21.58.

Northland Power Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.46%. The ex-dividend date was Friday, November 29th. Northland Power’s dividend payout ratio is currently 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.