Shares of Northland Power Inc. (TSE:NPI) hit a new 52-week high on Thursday . The company traded as high as C$26.75 and last traded at C$26.44, with a volume of 109744 shares. The stock had previously closed at C$26.24.
A number of brokerages have recently weighed in on NPI. TD Securities boosted their price target on Northland Power from C$29.00 to C$30.00 and gave the stock a “buy” rating in a research note on Friday. BMO Capital Markets restated an “outperform” rating and set a C$30.00 price target on shares of Northland Power in a research note on Thursday, September 19th. National Bank Financial restated an “outperform” rating and set a C$28.00 price target on shares of Northland Power in a research note on Thursday, September 19th. Raymond James restated a “strong-buy” rating and set a C$32.00 price target on shares of Northland Power in a research note on Thursday. Finally, CIBC boosted their price target on Northland Power from C$27.00 to C$27.50 in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$28.78.
The stock has a 50-day moving average of C$25.85 and a 200 day moving average of C$25.28. The stock has a market cap of $4.69 billion and a PE ratio of 16.32. The company has a quick ratio of 0.49, a current ratio of 0.90 and a debt-to-equity ratio of 523.24.
The company also recently announced a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.20 dividend on an annualized basis and a yield of 4.53%. Northland Power’s dividend payout ratio is currently 73.94%.
Northland Power Company Profile (TSE:NPI)
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.
See Also: What is insider trading?
Receive News & Ratings for Northland Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northland Power and related companies with MarketBeat.com's FREE daily email newsletter.