Northland Power Inc. (TSE:NPI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$19.85 and traded as high as C$22.67. Northland Power shares last traded at C$22.35, with a volume of 650,231 shares traded.
Analysts Set New Price Targets
NPI has been the topic of a number of analyst reports. National Bank Financial raised Northland Power to a "strong-buy" rating in a research report on Sunday, June 8th. Cormark downgraded shares of Northland Power from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. CIBC upped their target price on shares of Northland Power from C$28.00 to C$29.00 in a research note on Monday, July 21st. Finally, Scotiabank raised shares of Northland Power from a "sector perform" rating to an "outperform" rating and raised their price target for the company from C$25.00 to C$26.00 in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$27.25.
Check Out Our Latest Research Report on NPI
Northland Power Price Performance
The stock has a market capitalization of C$5.87 billion, a P/E ratio of -40.96, a PEG 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 price of C$22.04 and a two-hundred day moving average price of C$19.87.
Northland Power Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Northland Power's dividend payout ratio (DPR) is presently -219.84%.
Northland Power Company Profile
(
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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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