In a new note to investors today, an analyst has provided a rating update for the Utilities sector company, Northland Power (TSX: NPI). Benjamin Pham, an analyst with BMO Capital, has upgraded their rating on NPI to Buy , with a C$28 price target.
According to TipRanks.com, Pham is ranked #602 out of 4869 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Northland Power with a C$27.64 average price target.
Northland Power’s market cap is currently C$3.88B and has a P/E ratio of 17.3. The company has a Price to Book ratio of 5.14.
Northland Power, Inc. engages in the development, building, owning, and managing wind facilities. It operates through the following segments: Offshore Wind, Thermal, On-shore Renewables, and Other. The Offshore Wind segment comprises Gemini, Nordsee One, and Deutsche Bucht projects. The Other segment includes investment income and administration activities.
The company’s shares closed on Tuesday at C$22.85.
