Northland Power Rating Increased to Sector Outperform at Scotiabank (NPI)
Northland Power (TSE:NPI) was upgraded by investment analysts at Scotiabank to a “sector outperform” rating in a note issued to investors on Wednesday, Analyst Ratings Network.com reports.
Northland Power (TSE:NPI) traded down 0.74% during mid-day trading on Wednesday, hitting $16.04. 273,371 shares of the company’s stock traded hands. Northland Power has a 52 week low of $14.07 and a 52 week high of $19.82. The stock has a 50-day moving average of $15.49 and a 200-day moving average of $17.62. The company has a price-to-earnings ratio of 16.66.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of Northland Power from C$16.50 to C$17.50 in a research note to investors on Tuesday, November 26th. They now have a “market perform” rating on the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Northland Power in a research note to investors on Monday, November 11th. They now have a C$17.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$18.50.
Northland Power Inc (TSE:NPI) owns or has an economic interest in power-producing facilities with a total net capacity of 1,005 mega-watts.
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