Northland Power Inc. (TSE:NPI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Northland Power Inc. (TSE:NPI) have earned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$23.13.

A number of equities analysts recently weighed in on NPI shares. Canadian Imperial Bank of Commerce raised their price objective on Northland Power from C$22.00 to C$23.00 in a report on Wednesday, December 17th. National Bank Financial reduced their target price on shares of Northland Power from C$27.00 to C$25.00 in a report on Friday, November 21st. Raymond James Financial cut their price target on shares of Northland Power from C$25.00 to C$23.00 in a research report on Monday, November 24th. BMO Capital Markets decreased their price objective on Northland Power from C$25.00 to C$23.00 in a report on Friday, November 21st. Finally, Scotiabank dropped their target price on Northland Power from C$24.00 to C$23.00 in a report on Friday, November 21st.

Northland Power Trading Up 0.4%

Shares of NPI opened at C$19.79 on Friday. The firm’s 50 day simple moving average is C$18.57 and its 200 day simple moving average is C$20.88. The company has a market capitalization of C$5.18 billion, a P/E ratio of -18.16, a P/E/G ratio of 0.71 and a beta of 0.96. Northland Power has a 1-year low of C$15.96 and a 1-year high of C$25.99. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23.

Insider Buying and Selling

In other news, insider Christine Healy purchased 30,000 shares of the company’s stock in a transaction on Thursday, November 27th. The stock was acquired at an average price of C$16.71 per share, with a total value of C$501,300.00. Following the transaction, the insider directly owned 30,000 shares of the company’s stock, valued at approximately C$501,300. This represents a ∞ increase in their position. In the last three months, insiders have acquired 33,425 shares of company stock worth $545,461. Corporate insiders own 0.09% of the company’s stock.

Northland Power Company Profile

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.