Northland Power (TSE:NPI) had its price objective boosted by TD Securities from C$27.00 to C$28.00 in a research note released on Friday morning, BayStreet.CA reports. The firm currently has a buy rating on the solar energy provider’s stock.
A number of other analysts have also issued reports on NPI. National Bank Financial set a C$26.00 target price on shares of Northland Power and gave the stock an outperform rating in a research report on Friday. CIBC raised their target price on shares of Northland Power from C$26.50 to C$27.00 in a research report on Friday. Royal Bank of Canada raised their target price on shares of Northland Power from C$24.00 to C$25.00 and gave the stock a sector perform rating in a research report on Friday. Raymond James restated an outperform rating and set a C$30.00 target price on shares of Northland Power in a research report on Thursday, May 9th. Finally, Desjardins raised their target price on shares of Northland Power from C$27.50 to C$27.75 in a research report on Wednesday, February 27th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of C$27.31.
NPI stock opened at C$24.35 on Friday. The company has a market capitalization of $4.39 billion and a PE ratio of 16.70. Northland Power has a 12 month low of C$19.91 and a 12 month high of C$26.21. The company has a current ratio of 1.35, a quick ratio of 0.71 and a debt-to-equity ratio of 514.42.
Northland Power Company Profile
Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.
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