Trading Report: Today, Northland Power Inc. (NPI) Given Average Recommendation of “Hold” by Brokerages

Today, Northland Power Inc. (NPI) Given Average Recommendation of “Hold” by Brokerages

Northland Power Inc. (TSE:NPI) has received an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$24.79.

Several brokerages have commented on NPI. TD Securities raised shares of Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 price target on the stock in a research report on Friday, November 11th. BMO Capital Markets boosted their price target on shares of Northland Power from C$23.00 to C$24.00 and gave the stock a “market perform” rating in a research report on Thursday, August 11th. Finally, FirstEnergy Capital raised shares of Northland Power from an “underperform” rating to a “market perform” rating in a research report on Friday, August 12th.

Northland Power (TSE:NPI) traded up 0.05% during midday trading on Friday, hitting $21.57. 77,685 shares of the company traded hands. Northland Power has a 12-month low of $16.90 and a 12-month high of $25.14. The company’s market capitalization is $3.72 billion. The stock’s 50-day moving average price is $22.90 and its 200 day moving average price is $23.27.

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