Northland Power (TSE:NPI) Price Target Raised to C$29.00 at CIBC

Northland Power (TSE:NPI - Get Free Report) had its price objective raised by stock analysts at CIBC from C$28.00 to C$29.00 in a research note issued on Monday,BayStreet.CA reports. CIBC's price target indicates a potential upside of 24.46% from the company's previous close.

A number of other analysts have also weighed in on the company. Cormark lowered Northland Power from a "moderate buy" rating to a "hold" rating in a research note on Thursday, May 15th. Scotiabank raised shares of Northland Power from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from C$25.00 to C$26.00 in a report on Thursday, May 22nd. Finally, National Bank Financial raised Northland Power to a "strong-buy" rating in a research report on Sunday, June 8th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$27.25.

Northland Power Stock Performance

TSE:NPI traded up C$0.26 on Monday, reaching C$23.30. 451,596 shares of the company's stock were exchanged, compared to its average volume of 931,895. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23. The firm has a market cap of C$6.11 billion, a price-to-earnings ratio of -42.69, a P/E/G ratio of 0.71 and a beta of 0.47. Northland Power has a 52 week low of C$16.14 and a 52 week high of C$24.25. The stock has a fifty day simple moving average of C$21.44 and a 200-day simple moving average of C$19.52.

Northland Power Company Profile

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.

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