Northland Power (TSE:NPI) had its target price increased by TD Securities from C$40.00 to C$42.00 in a research report released on Monday, BayStreet.CA reports. The firm currently has a buy rating on the solar energy provider’s stock.
A number of other brokerages also recently commented on NPI. Raymond James upped their price objective on Northland Power from C$33.00 to C$38.00 and gave the stock an outperform rating in a research note on Wednesday, July 29th. CIBC upped their price objective on Northland Power from C$36.00 to C$38.00 in a research note on Monday. AltaCorp Capital restated a sector perform rating on shares of Northland Power in a research note on Monday, July 6th. Royal Bank of Canada upped their price objective on Northland Power from C$33.00 to C$37.00 and gave the stock a sector perform rating in a research note on Monday. Finally, National Bank Financial increased their price target on Northland Power from C$37.50 to C$39.00 and gave the stock a sector perform rating in a research note on Monday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of C$38.33.
Shares of NPI opened at C$36.40 on Monday. The company has a market cap of $7.45 billion and a P/E ratio of 18.72. The stock has a fifty day moving average price of C$35.70 and a 200 day moving average price of C$31.44. The company has a debt-to-equity ratio of 466.27, a current ratio of 1.09 and a quick ratio of 0.82. Northland Power has a 12 month low of C$20.52 and a 12 month high of C$37.73.
In other news, Director John Wycliffe Brace sold 226,000 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of C$33.01, for a total value of C$7,461,277.00. Following the completion of the transaction, the director now owns 226,026 shares of the company’s stock, valued at C$7,462,135.38.
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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