Northland Power Inc. (TSE:NPI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Northland Power Inc. (TSE:NPI) have earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$30.14.

Separately, Raymond James raised Northland Power to a “moderate buy” rating in a report on Friday, November 15th.

Northland Power Trading Down 0.5 %

Shares of Northland Power stock opened at C$20.12 on Wednesday. Northland Power has a fifty-two week low of C$19.09 and a fifty-two week high of C$25.36. 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 company has a market capitalization of C$5.18 billion, a P/E ratio of 83.83, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a fifty day moving average of C$21.61 and a 200 day moving average of C$22.57.

Northland Power Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend is Friday, November 29th. Northland Power’s dividend payout ratio (DPR) is presently 500.00%.

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.