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Shares of Northland Power (TSE:NPI) have been given a consensus recommendation of “Buy” by the nine brokerages that are currently covering the stock, American Banking News.com reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$19.36.

Shares of Northland Power (TSE:NPI) opened at 17.97 on Friday. Northland Power has a one year low of $14.07 and a one year high of $18.24. The stock has a 50-day moving average of $17.74 and a 200-day moving average of $16.66. The company has a market cap of $2.641 billion and a P/E ratio of 18.13.

Northland Power (TSE:NPI) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.01. On average, analysts predict that Northland Power will post $0.41 earnings per share for the current fiscal year.

NPI has been the subject of a number of recent research reports. Analysts at Northland Securities initiated coverage on shares of Northland Power in a research note on Wednesday. They set an “outperform” rating and a C$21.00 price target on the stock. Separately, analysts at CIBC initiated coverage on shares of Northland Power in a research note on Wednesday. They set a “sector outperform” rating and a C$21.00 price target on the stock.

Northland Power Inc (TSE:NPI) owns or has an economic interests, through its subsidiaries, in operating power-producing facilities and a pipeline of construction and development projects.

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