Cormark Issues Pessimistic Forecast for Northland Power (TSE:NPI) Stock Price

Northland Power (TSE:NPI) had its price objective decreased by equities research analysts at Cormark from C$25.00 to C$23.50 in a research report issued on Thursday,BayStreet.CA reports. Cormark’s price objective suggests a potential upside of 37.19% from the stock’s current price.

Several other analysts have also recently commented on the company. Scotiabank lowered their target price on Northland Power from C$28.00 to C$25.00 in a research report on Thursday. CIBC reduced their target price on Northland Power from C$31.00 to C$29.00 in a report on Wednesday, January 8th. Raymond James upgraded Northland Power to a “moderate buy” rating in a report on Friday, November 15th. Finally, National Bankshares cut their price objective on Northland Power from C$35.00 to C$34.00 in a report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Northland Power presently has a consensus rating of “Moderate Buy” and a consensus target price of C$28.56.

Northland Power Stock Up 1.7 %

Shares of TSE NPI traded up C$0.28 on Thursday, hitting C$17.13. The company had a trading volume of 223,676 shares, compared to its average volume of 1,088,891. The firm has a market capitalization of C$4.41 billion, a P/E ratio of 71.38, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a 12-month low of C$16.79 and a 12-month high of C$25.36. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. The business has a 50 day moving average of C$18.72 and a two-hundred day moving average of C$21.00.

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.