The North West Company Inc. (TSE:NWC - Get Free Report) reached a new 52-week high on Friday . The company traded as high as C$55.93 and last traded at C$55.81, with a volume of 6794 shares changing hands. The stock had previously closed at C$55.58.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on NWC shares. TD Securities upped their price objective on North West from C$59.00 to C$63.00 and gave the stock a "buy" rating in a research report on Thursday, April 10th. BMO Capital Markets upped their price objective on shares of North West from C$58.00 to C$60.00 in a research report on Thursday, April 10th. Cibc World Mkts raised North West to a "strong-buy" rating in a research report on Wednesday, February 19th. Finally, CIBC lifted their price objective on shares of North West from C$59.00 to C$60.00 and gave the stock an "outperform" rating in a research note on Friday, April 11th.
Read Our Latest Research Report on NWC
North West Stock Down 0.3 %
The business has a fifty day moving average price of C$50.81 and a two-hundred day moving average price of C$49.92. The firm has a market cap of C$2.73 billion, a PE ratio of 20.84, a P/E/G ratio of 1.11 and a beta of 0.64. The company has a debt-to-equity ratio of 59.78, a current ratio of 2.16 and a quick ratio of 0.64.
North West Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 24th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.82%. North West's payout ratio is 58.83%.
Insider Activity
In related news, Senior Officer David Michael Chatyrbok sold 5,916 shares of North West stock in a transaction on Monday, April 21st. The stock was sold at an average price of C$54.01, for a total value of C$319,523.16. Also, Director George Mcconnell Daniel sold 10,943 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of C$54.95, for a total value of C$601,317.85. Insiders sold 21,928 shares of company stock valued at $1,191,408 in the last three months. Company insiders own 0.12% of the company's stock.
About North West
(
Get Free Report)
The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.
Further Reading
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