The North West Company Inc. (TSE:NWC - Get Free Report) Senior Officer Jim Caldwell sold 1,500 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of C$51.87, for a total value of C$77,805.00. Following the transaction, the insider now owns 916 shares in the company, valued at approximately C$47,512.92. This trade represents a 62.09 % decrease in their ownership of the stock.
North West Stock Performance
Shares of TSE NWC traded up C$0.51 during mid-day trading on Tuesday, hitting C$54.82. The company had a trading volume of 72,936 shares, compared to its average volume of 131,299. The business's 50-day simple moving average is C$48.66 and its 200-day simple moving average is C$49.66. 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 firm has a market cap of C$2.64 billion, a P/E ratio of 20.16, a PEG ratio of 1.11 and a beta of 0.64. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 24th will be given a $0.40 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.60 annualized dividend and a yield of 2.92%. North West's dividend payout ratio (DPR) is currently 58.83%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on NWC shares. Cibc World Mkts raised North West to a "strong-buy" rating in a research report on Wednesday, February 19th. BMO Capital Markets lifted their target price on shares of North West from C$58.00 to C$60.00 in a report on Thursday, April 10th. CIBC upped 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. Finally, TD Securities lifted their price objective on 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.
View Our Latest Stock Analysis on NWC
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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