Northland Power Inc. (TSE:NPI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$19.50 and traded as high as C$23.19. Northland Power shares last traded at C$23.04, with a volume of 885,053 shares.
Wall Street Analyst Weigh In
A number of analysts have issued reports on NPI shares. CIBC boosted their price target on shares of Northland Power from C$28.00 to C$29.00 in a research note on Monday. Scotiabank raised Northland Power from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from C$25.00 to C$26.00 in a research report on Thursday, May 22nd. National Bank Financial raised Northland Power to a "strong-buy" rating in a research report on Sunday, June 8th. Finally, Cormark downgraded Northland Power from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$27.25.
View Our Latest Stock Report on NPI
Northland Power Stock Down 0.6%
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 market capitalization of C$6.12 billion, a P/E ratio of -42.74, a P/E/G ratio of 0.71 and a beta of 0.47. The stock has a fifty day moving average price of C$21.44 and a two-hundred day moving average price of C$19.52.
Northland Power Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 5.14%. Northland Power's dividend payout ratio (DPR) is presently -219.84%.
About Northland Power
(
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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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