Northland Power (TSE:NPI - Get Free Report) had its target price reduced by Raymond James Financial from C$29.00 to C$28.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the solar energy provider's stock. Raymond James Financial's price objective suggests a potential upside of 28.03% from the company's previous close.
Other equities analysts also recently issued research reports about the stock. Cormark downgraded shares of Northland Power from a "moderate buy" rating to a "hold" rating in a research note on Thursday, May 15th. Scotiabank upgraded 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 research note on Thursday, May 22nd. CIBC lifted 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, National Bank Financial upgraded shares of Northland Power to a "strong-buy" rating in a research note on Sunday, June 8th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$27.08.
Check Out Our Latest Stock Analysis on Northland Power
Northland Power Stock Performance
Shares of NPI traded up C$0.78 during trading hours on Friday, hitting C$21.87. The company's stock had a trading volume of 646,116 shares, compared to its average volume of 912,505. The company has a market cap of C$5.74 billion, a price-to-earnings ratio of -40.07, a PEG ratio of 0.71 and a beta of 0.47. 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 business has a 50 day simple moving average of C$22.24 and a two-hundred day simple moving average of C$20.05. Northland Power has a 52-week low of C$16.14 and a 52-week high of C$23.85.
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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