The North West Company Inc. (TSE:NWC) Director Sells C$601,317.85 in Stock

The North West Company Inc. (TSE:NWC - Get Free Report) Director George Mcconnell Daniel sold 10,943 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of C$54.95, for a total transaction of C$601,317.85.

North West Stock Up 0.2 %

Shares of NWC opened at C$55.12 on Friday. The company has a market capitalization of C$2.65 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The company has a current ratio of 2.16, a quick ratio of 0.64 and a debt-to-equity ratio of 59.78. The North West Company Inc. has a 12-month low of C$37.15 and a 12-month high of C$55.93. The business's 50 day moving average is C$49.20 and its 200 day moving average is C$49.73.

North West Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 24th were issued a $0.40 dividend. The ex-dividend date was Wednesday, April 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.90%. North West's dividend payout ratio is currently 58.83%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. CIBC upped their price objective on 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. Cibc World Mkts raised North West to a "strong-buy" rating in a research report on Wednesday, February 19th. BMO Capital Markets increased their target price on shares of North West from C$58.00 to C$60.00 in a report on Thursday, April 10th. Finally, 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.

North West Company Profile

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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