Walter Pickett Sells 767 Shares of The North West Company Inc. (TSE:NWC) Stock

The North West Company Inc. (TSE:NWCGet Free Report) Senior Officer Walter Pickett sold 767 shares of North West stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of C$42.64, for a total transaction of C$32,704.88.

North West Trading Down 1.0 %

Shares of TSE NWC traded down C$0.42 during trading on Friday, hitting C$42.70. 58,823 shares of the company traded hands, compared to its average volume of 60,774. The North West Company Inc. has a 1 year low of C$29.58 and a 1 year high of C$43.79. The company has a 50-day moving average price of C$39.14 and a 200-day moving average price of C$39.09. The firm has a market capitalization of C$2.03 billion, a P/E ratio of 16.15, a P/E/G ratio of 1.11 and a beta of 0.62. The company has a quick ratio of 0.64, a current ratio of 2.01 and a debt-to-equity ratio of 57.45.

North West (TSE:NWCGet Free Report) last posted its earnings results on Wednesday, April 10th. The company reported C$0.71 earnings per share for the quarter. The business had revenue of C$643.11 million for the quarter. North West had a net margin of 5.23% and a return on equity of 19.84%. On average, equities analysts predict that The North West Company Inc. will post 3.3474801 EPS for the current year.

North West Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.56 dividend on an annualized basis and a yield of 3.65%. North West’s dividend payout ratio is currently 58.43%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NWC shares. Royal Bank of Canada lifted their price objective on North West from C$38.00 to C$40.00 in a research report on Thursday, April 11th. BMO Capital Markets lifted their price objective on North West from C$41.00 to C$44.00 in a research report on Thursday, June 6th. TD Securities lifted their price objective on North West from C$45.00 to C$47.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. CIBC lifted their target price on shares of North West from C$43.00 to C$44.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. Finally, Jefferies Financial Group lifted their target price on shares of North West from C$41.00 to C$43.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, North West has a consensus rating of “Hold” and an average target price of C$43.60.

Read Our Latest Research Report on North West

North West Company Profile

(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.

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