BMO Capital Markets Boosts Northland Power Inc. (NPI) Price Target to C$24.50
Northland Power Inc. (TSE:NPI) had its target price raised by BMO Capital Markets from C$24.00 to C$24.50 in a research note issued on Friday. BMO Capital Markets’ price target points to a potential upside of 3.73% from the stock’s current price.
A number of other research firms have also commented on NPI. TD Securities raised shares of Northland Power from a “buy” rating to an “action list buy” rating and set a C$27.00 price target on the stock in a research report on Monday, June 26th. Royal Bank Of Canada lifted their price target on shares of Northland Power from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 23rd.
Northland Power (TSE:NPI) traded up 0.42% during midday trading on Friday, reaching $23.72. 72,423 shares of the company were exchanged. The firm’s 50-day moving average is $23.57 and its 200-day moving average is $23.77. Northland Power has a one year low of $20.89 and a one year high of $25.04. The firm has a market cap of $4.14 billion and a P/E ratio of 19.28.
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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