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Northland Power Inc. (TSE:NPI) Receives Average Rating of "Buy" from Brokerages

Northland Power logo with Utilities background

Shares of Northland Power Inc. (TSE:NPI - Get Free Report) have been given a consensus rating of "Buy" by the five ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$27.08.

Several equities research analysts have recently weighed in on NPI shares. National Bank Financial raised shares of Northland Power to a "strong-buy" rating in a report on Sunday, June 8th. Scotiabank raised shares of Northland Power from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from C$25.00 to C$26.00 in a report on Thursday, May 22nd. Finally, Cormark lowered shares of Northland Power from a "moderate buy" rating to a "hold" rating in a report on Thursday, May 15th.

View Our Latest Analysis on NPI

Northland Power Trading Up 2.7%

Shares of NPI stock opened at C$21.94 on Thursday. Northland Power has a 52-week low of C$16.14 and a 52-week high of C$24.74. The stock has a market cap of C$5.76 billion, a price-to-earnings ratio of -40.19, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. The firm has a fifty day moving average of C$20.44 and a 200-day moving average of C$19.11.

About Northland Power

(Get Free Report

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.

Further Reading

Analyst Recommendations for Northland Power (TSE:NPI)

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