National Bankshares Cuts Northland Power (TSE:NPI) Price Target to C$32.00

Northland Power (TSE:NPI) had its price objective lowered by National Bankshares from C$34.00 to C$32.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the solar energy provider’s stock. National Bankshares’ price objective would indicate a potential upside of 84.97% from the company’s previous close.

Several other research firms have also commented on NPI. Raymond James upgraded Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. Cormark dropped their price objective on shares of Northland Power from C$25.00 to C$23.50 in a research note on Thursday, January 30th. Scotiabank decreased their target price on shares of Northland Power from C$28.00 to C$25.00 in a research report on Thursday, January 30th. Finally, CIBC dropped their target price on shares of Northland Power from C$31.00 to C$29.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$28.31.

Northland Power Stock Up 0.7 %

NPI stock opened at C$17.30 on Tuesday. The company has a 50 day moving average price of C$18.07 and a two-hundred day moving average price of C$20.49. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. The stock has a market capitalization of C$4.46 billion, a P/E ratio of 72.08, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a one year low of C$16.14 and a one year high of C$24.88.

About Northland Power

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.