The North West Company Inc. (TSE:NWC - Get Free Report) Senior Officer Michael Beaulieu sold 1,850 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of C$54.77, for a total transaction of C$101,324.50.
North West Stock Up 0.2 %
Shares of NWC stock traded up C$0.11 on Monday, reaching C$54.98. 20,845 shares of the company's stock traded hands, compared to its average volume of 130,440. The business's 50 day moving average price is C$49.40 and its two-hundred day moving average price is C$49.74. The company has a market capitalization of C$2.65 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The company has a debt-to-equity ratio of 59.78, a quick ratio of 0.64 and a current ratio of 2.16. The North West Company Inc. has a 12-month low of C$37.15 and a 12-month high of C$55.93.
North West Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 24th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Wednesday, April 16th. North West's payout ratio is presently 58.83%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. BMO Capital Markets increased their target price on North West from C$58.00 to C$60.00 in a report on Thursday, April 10th. Cibc World Mkts raised North West to a "strong-buy" rating in a report on Wednesday, February 19th. CIBC boosted their target price on shares of North West from C$59.00 to C$60.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. Finally, TD Securities increased their price target on North West from C$59.00 to C$63.00 and gave the company a "buy" rating in a research report on Thursday, April 10th.
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About North West
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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.
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