Northland Power Inc. (TSE:NPI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$20.01 and traded as high as C$22.19. Northland Power shares last traded at C$22.02, with a volume of 570,843 shares traded.
Analysts Set New Price Targets
Several analysts have recently weighed in on NPI shares. Raymond James Financial decreased their target price on Northland Power from C$29.00 to C$28.00 and set an "outperform" rating for the company in a research report on Friday. Scotiabank upgraded 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 note on Thursday, May 22nd. National Bank Financial upgraded Northland Power to a "strong-buy" rating in a research note on Sunday, June 8th. CIBC raised their price target on Northland Power from C$28.00 to C$29.00 in a research note on Monday, July 21st. Finally, Cormark lowered Northland Power from a "moderate buy" rating to a "hold" rating in a research note on Thursday, May 15th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$27.08.
Get Our Latest Analysis on Northland Power
Northland Power Price Performance
The company has a market capitalization 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 stock has a fifty day simple moving average of C$22.27 and a 200-day simple moving average of C$20.11. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23.
Northland Power Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were given a $0.10 dividend. The ex-dividend date was Thursday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. Northland Power's payout ratio is -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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