Northland Power Inc. (NPI) Price Target Raised to C$23.00
Northland Power Inc. (TSE:NPI) had its price target increased by Royal Bank Of Canada from C$22.00 to C$23.00 in a research report released on Wednesday. They currently have a sector perform rating on the solar energy provider’s stock.
NPI has been the topic of a number of other reports. Raymond James Financial, Inc. increased their price objective on shares of Northland Power from C$28.00 to C$29.50 and gave the company an outperform rating in a research note on Wednesday, May 10th. TD Securities upgraded shares of Northland Power from a buy rating to an action list buy rating and set a C$27.00 price objective on the stock in a research note on Monday, June 26th.
Northland Power (NPI) opened at 24.05 on Wednesday. The company has a 50-day moving average of $23.40 and a 200-day moving average of $23.82. Northland Power has a 52 week low of $20.89 and a 52 week high of $25.04. The company has a market cap of $4.19 billion and a P/E ratio of 19.55.
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The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.08 dividend on an annualized basis and a yield of 4.49%.
About Northland Power
Northland Power Inc (Northland) is an independent power producer. The Company develops, finances, builds, owns and operates facilities in Canada and internationally that produce clean and green energy using natural gas, biomass, wind and solar technology. Northland segments include thermal; renewable; managed, which includes management and operations services for Kirkland Lake, Cochrane and Canadian Environmental Energy Corporation (CEEC); offshore wind, including Gemini and Nordsee, and other, which includes investment income and administration of Northland.
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