Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Northland Power (NPIFF) and Athabasca Oil (ATHOF).
Northland Power (NPIFF)
In a report issued on June 9, Nelson Ng from RBC Capital maintained a Hold rating on Northland Power, with a price target of C$33.00. The company’s shares closed last Wednesday at $24.56, close to its 52-week high of $25.00.
According to TipRanks.com, Ng is a 3-star analyst with an average return of 3.9% and a 60.0% success rate. Ng covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Algonquin Power & Utilities, and Just Energy Group.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Northland Power with a $24.39 average price target.
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Athabasca Oil (ATHOF)
RBC Capital analyst Luke Davis maintained a Sell rating on Athabasca Oil on June 8 and set a price target of C$0.15. The company’s shares closed last Wednesday at $0.19.
According to TipRanks.com, Davis has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -16.2% and a 26.7% success rate. Davis covers the Utilities sector, focusing on stocks such as Tamarack Valley Energy, Whitecap Resources, and PrairieSky Royalty.
Currently, the analyst consensus on Athabasca Oil is a Moderate Sell with an average price target of $0.10.
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