Northland Power Inc. (TSE:NPI - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.11 and traded as high as C$23.87. Northland Power shares last traded at C$23.70, with a volume of 960,725 shares trading hands.
Wall Street Analysts Forecast Growth
NPI has been the topic of a number of research analyst reports. Raymond James Financial reduced their price target on shares of Northland Power from C$29.00 to C$28.00 and set an "outperform" rating on the stock in a research note on Friday, August 15th. CIBC boosted their price target on shares of Northland Power from C$28.00 to C$29.00 in a research note on Monday, July 21st. Finally, National Bank Financial raised shares of Northland Power to a "strong-buy" rating in a research note on Sunday, June 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Northland Power has an average rating of "Buy" and an average price target of C$27.08.
View Our Latest Analysis on Northland Power
Northland Power Stock Performance
The firm's 50 day moving average is C$22.48 and its two-hundred day moving average is C$21.11. The stock has a market capitalization of C$6.20 billion, a PE ratio of -112.86, a P/E/G ratio of 0.71 and a beta of 0.88. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17.
Northland Power Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were paid a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Thursday, July 31st. Northland Power's dividend payout ratio is presently -571.43%.
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.
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