The North West Company Inc. (TSE:NWC - Get Free Report) Senior Officer David Michael Chatyrbok sold 5,916 shares of the firm's 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.
North West Trading Up 1.1 %
NWC stock opened at C$54.89 on Wednesday. The company has a debt-to-equity ratio of 59.78, a current ratio of 2.16 and a quick ratio of 0.64. The North West Company Inc. has a 1-year low of C$37.15 and a 1-year high of C$55.93. The business has a 50 day simple moving average of C$48.85 and a two-hundred day simple moving average of C$49.68. The company has a market capitalization of C$2.64 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.11 and a beta of 0.64.
North West Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 24th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.60 annualized dividend and a yield of 2.91%. North West's payout ratio is 58.83%.
Wall Street Analyst Weigh In
NWC has been the topic of several recent research reports. Cibc World Mkts raised North West to a "strong-buy" rating in a research note on Wednesday, February 19th. CIBC lifted their price target on shares of North West from C$59.00 to C$60.00 and gave the company an "outperform" rating in a report on Friday, April 11th. TD Securities increased their price objective on shares of North West from C$59.00 to C$63.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th. Finally, BMO Capital Markets lifted their target price on shares of North West from C$58.00 to C$60.00 in a research note 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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